Kenneth Hynes
Keeping LLC open after sale of property
Hello all , While usually I am a residential SFR investor, i have a family member that has recently sold a commercial (Strip mall property with 5 tenants) . Closing was last month with few issues. They had set up ...
Bobby Becker
Owner occupied expenses
First post after some reading, should be closing on a owner occupied triplex in 2 weeks.The calculations I’ve made deducting vacancy rates and maintenance I’ll have to pay about 200$ a month I’m going to open a second...
Account Closed
Quiet Title or Adverse Possession suggestions
Do you recommend filing a quiet title or an adverse possession when the owners have passed away including the only person listed on the deed or will of the abandoned home dated back in 1970. This is the only paperwor...
N/A N/A
Non-registered Company name on Business cards.
I was hoping someone might know, if it is legal to put a name on business cards you hand out, or on a post card you send out a company name that hasn't been registered by you AND has been confirmed that it isn't alrea...
Nold R.
Multiple Member LLC and 1031 Exchange
I have a multiple member LLC and the other members want to cash out on sale projected in Q2 2025 but I want the option to do a 1031.What are my options? Im based in CA.
Tony Thomsen
South St Paul, MN - first multiplex contract for Deed
I’m developing cold feet
A contract that favors the seller and a standard Minnesota contract for deed.
The roof of the 4 Plex worries me and any repairs done to the property is mine to do at contract signing.
The...
Barry Je
How do partnerships work?
Let's say a couple friends and I want to invest together, and all three of us live in different states. How does one go about this?Will a bank lend to three unrelated people? Can we quit deed claim into our LLC? Ri...
Pedro Morais
Distributions from one LLC to another
Hi BP,Can you make distributions from one LLC bank account to another LLC? In other words, if I have a surplus of money in one LLC account and the other LLC has need of capital for construction, can I transfer from on...
Stephanie Medellin
HUD home with double lot, but one lot not transferred.
I came across a HUD home for sale, and then looked up the property history in the MLS. The last listing said that the property had a double lot with 2 separate deeds, and the vacant lot was build-able. I then resear...
Andraise Scott
LLC Conflict and Confusion - what's right?
Hello BP,I'm operating out of Maryland. I have heard and read that if you are going the LLC route, the property needs to be titled (before/after purchase) in the name of the company. An accountant is now telling me ...