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Hi there - Been thinking about ATX for some time now and I wanted to see if any one could dumb down the unrelated persons law for me in Austin, TX. Below is copy and pasted directly from the city site. SO - six people...
Hi All,
I am relatively puzzled as a new investor whether I need to invest in single or multifamily homes. I would appreciate if someone would provide some insight to each category; like pros and cons for e...
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I understand that me and my wife can both be on our Texas LLC, and we can still file as a Single Member LLC so that we have a disregarded entity from a tax perspective, but we still have the liability protection. In f...
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I did an informal survey of multifamily apartment owners and asked them what characteristics of tenants are the least likely to get evicted. The most common answer I received was it is best to rent to single moms with...
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Hi BP,I have a single family home in Albany County, NY. I purchase it in December. The renovation should be complete this month. I paid cash for the property and renovation. I would like to keep it as a rental and pul...
If I sell my relinquish property under my name and I do a 1031 Exchange also under my name, can I change my 1031 name into a LLC without a penalty? Should I put my requish property under LLC before I do a 1031?
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I am being told by a few financing companies that I need an entity (like an LLC) in order get a Bridge loan of fix and flip loan. (I currently have properties in my own name with conventional mortgages). Has anyone an...
I already own a single-family house that I reside in. Now, I am planning in buying investment properties in Sioux Falls area - wondering if single-family is better than duplex or triplex property on its return and ren...
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It's best not to have an LLC than to have one that is put together or run poorly.
I came across this case "Colorado Court of Appeals Pierces the Veil of Single-Member LLC with No Showing of Wrongdoing" - I ...
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How easy is it to get a non-recourse loan for a fix and flip?I’m just thinking what is the worst case scenario for a fix and flip? If I get a non recourse loan and don’t have to personally guarantee the loan and put t...