All Forum Posts by: Alex Arritola
Alex Arritola has started 4 posts and replied 7 times.
Post: Sole Proprietorship to an LLC
- Posts 7
- Votes 4
Hi,
I'm seeking advice from the community, especially from those with relevant experience.
My mother owns several properties under her and my father's names (my father is now deceased). These properties haven't been transferred to my name due to potential tax implications, as they were purchased in the 80s and have been fully paid off since.
In light of this, I'm curious about potential tax issues related to transferring these properties to an LLC.
Additionally, can we establish a trust for these properties once they are under the LLC, aiming to avoid tax implications upon my mother's eventual passing?
Thank you for any insights or guidance you can provide.
Post: Sole Proprietorship to an LLC
- Posts 7
- Votes 4
Hi,
I'm seeking advice from the community, especially from those with relevant experience.
My mother owns several properties under her and my father's names (my father is now deceased). These properties haven't been transferred to my name due to potential tax implications, as they were purchased in the 80s and have been fully paid off since.
In light of this, I'm curious about potential tax issues related to transferring these properties to an LLC.
Additionally, can we establish a trust for these properties once they are under the LLC, aiming to avoid tax implications upon my mother's eventual passing?
Thank you for any insights or guidance you can provide.
Post: Lease agreements in spanish
- Posts 7
- Votes 4
Yes sir! Do you have a link where i can access these? Thank you !!!
Post: Lease agreements in spanish
- Posts 7
- Votes 4
any change to obtain forms in spanish?
Post: Where to start with inherited properties?
- Posts 7
- Votes 4
Yes my credit is pristine. Just wanted advice on where to start because my family didn't use any strategy per say and since i newly inherited i didn't have any money saved specifically for the properties nor did i receive money for them as of yet. I definitely do want to learn the ins and outs of real estate so i can establish a nice cash flow in the future.
Post: Where to start with inherited properties?
- Posts 7
- Votes 4
mortgages are all paid off. but the strategy is sound. thank you!
Post: Where to start with inherited properties?
- Posts 7
- Votes 4
I have 3 properties i have inherited from my father which are free and clear. All three need rehab badly but i personally do not have the money. The 3 properties currently have tenants. Can i use any part of the BRRR strategy to help fix and gain better passive income?