Heath Eisentrager
Redeeming tax certificates
I bought tax certificates for a derelict house next to a lot a bought at a tax auction. The house burnt down and the county assessor and treasurer now tell me that I can't continue the process and that the certificate...
Frank Y.
Does private lender file 1098 for the interest received from LLC
Hi, private lenders, do you file and provide Form 1098 to a LLC who paid interest to you? I have a borrower (LLC) asked for 1098. But IRS Instruction says "You need not file Form 1098 for interest received from a cor...
Elliot Shoener
Tax Implications, with Trust owning LLC
I am purchasing multiple rental properties and will be registering each in an individual LLC. Those LLC will be owned by a Irrevocable Trust. From my understanding, the rental income etc. will pass-thru to the Trust...
Eric Reese
New landlord on home in a trust
I'm the successor trustee on a home in CA in a living trust left to me and my siblings. I'm the successor trustee and 1 of the beneficiaries. Before my father passed he had a roommate & friend living in home pay...
Bryan Hancock
529 Plans: The Benefits of Superfunding
For anyone with small children and a high income or net worth I thought I would share this article:529 Plans: The Benefits of SuperfundingApparently you can pre-fund $70k ($14k annual limit * 5) for college in a 529 p...
Gio Kattan
PLEASE HELP! - Creative Subjecto Insurance
Hello community!I would greatly appreciate your input on this matter.Here is my setupPurchased property under a TrustLLC in FL owns the TrustHolding company LLC in WY owns LLC in FLI purchased the property sub-to, too...
Garrett Richardson
Intra-Family Property Transfer in California
My mother-in-law owns her home in Northern California. The location is pretty incredible and the area has appreciated 80% in the last 10 years. She has never attempted to rent out a property and wants to sell but woul...
Greg Zimdahl
Hard money - SEC General Solicitations
It seems to be apparent that it is ok to request money from a hard money lender. I don't want to make assumptions however. If it is ok to request money from a hard money lender, why? Why is this not considered a gener...
JT Marlin
Trust deed investment - when can I claim a loss?
I invested in several trust deeds back in the 2005 -2006 time frame. Unfortunately, several of the trust deeds were ultimately foreclosed on. However, there is one trust deed loan that hasn't performed in years, but t...
Peter Philando
How to structure partnership/JV with two possible investors
Here is the deal:My neighbor and I formed a partnership (LLC) a few months ago to buy, rehab and flip houses. We have $40K in the business account but in the South Florida market does not make us very competitive for ...