Malikah Planas
Putting a Property in an LLC?
Hi, what is the benefit of listing a property with the LLC, for example, I saw a home on Zillow that was purchased by someone using the street name ex: 2345 Anywhere Dr. LLC I also saw the business was formed when the...
Stacy Gomez
Legal Set-up for multiple properties in 3 different states
Hi,
We have our primary residence in Texas, own an 2nd Home property in FL that we STR with an LLC to operate; and are purchasing a 4plex in Louisiana. While we are actively working on our personal trust... I'm try...
Carl Gryska
Reverse Mortgage Short Sale
Can anyone out there recommend an AttorneyIn the Syracuse-Utica area that is experienced in the purchase of a SFH thathas a Reverse Mortgage that is also upside down (Short Pay) ?
Rafael Garcia
Selling gold to buy a home
Hello, I have a client that has 500k in gold that will be selling it in order to purchase a property. Not sure how that will affect him personally for tax purposes, any advice would be greatly appreciated. Does anyo...
Lucas Cookson
Help me understand this letter from ReconTrust
The letter states the following:
FULL RECONVEYANCE
WHEREAS, John Smith, is the Trustor, Bank of America, N.A, is the current Beneficiary and ReconTrust Company is the current Trustee under that certain Deed of Trust ...
Ryan Moore
Should I be upset with my lender?
Without going into too much detail, is it normal for a lender to cause you to have to push back your closing date because they couldn't get underwriter approval on time? I feel like they are having me scramble now t...
Dirghayu Desai
Personal Guaranty on Commercial Loan
Can someone explain how personal guaranty works on a commercial investment? LTV is: 70/30 6 partners and each is ~16% ownerDo all partners have to sign a personal guaranty (PG)?If we sign a PG and the business can't m...
Gloria Grotjan
Tax clearance reqt for Memphis rental - out of state investor
Need help and advice! I have had a single family home rental in Memphis since 2011 and never had a tax issue. I am an out of state investor. My LLC was recently revoked and put into inactive status because TN Dept of ...
Taylor Rider
Should I get an LLC?
Hello BP,If I am considering renting my house out and moving into another home. Should I get an LLC? Whats your thoughts on why or why not? If not now then when should I? It would be the first rent home in my portfol...
Han Qing Zhang
How to get a business loan if we are young company?
My friends and I formed a company 1.5 years ago and started flipping in Seattle Area. We have track records of success and now seeking for working capital for more upcoming project. Is our company too young for a busi...