All Forum Posts by: Javi Chipi

@Alyssa Kroeker generally you need to have “privity” with someone to owe them in a contractual setting. There are always exceptions but most likely she had to pay her friend.

@Jonathan A. They may be able to obtain the company’s bank statements through legal discovery. You should hire an attorney licensed in your state. You may be able to resolve this prior to going to court. Most operating agreement have a clause addressing dispute resolution; you should review all your written agreements.

Aaron, you should seek someone who will do the taxes for a flat fee and who deals primarily with real estate investors. For attorneys, you should seek someone whose rates are reasonable and can ballpark the cost of assisting you before you spend too much time with them. Thanks. 

The mortgage company may have to approve the change in title. There may be doc stamps tax too because the property is encumbered. Shouldn’t be very expensive though in terms of legal fees. I can refer you to someone if you would like. Good luck.

You may want to try Barbosa Legal. They are a small tax firm in Miami Beach but they also handle many real estate closings. But there are plenty of law firms to pick from. If you would like to message me about connecting with them please let me know. Good luck.

Hey Ralph good idea building out your team early. Before you buy/sell property is the ideal time to do planning rather than post-transaction. I am not familiar with the panhandle market but if you want discuss South Florida that is a market I am familiar with. Good luck.

The new 179 expanded definition applies to commercial properties.

Many possible responses to this question but simple answer is someone buys into the single member LLC and you now have a partnership. Definitely have written agreements and a phone call to a lawyer and/or accountant can save you headaches down the road.

In Miami cap rates are compressed right now. Unusual to see a lot of things above 6%. That's what a lot of MF investors tell me.

You would file a W-7 with your Form 1040NR. Look at the W-7 small letter b - NRA filing a US tax return. You do not need an employer to have an EIN. I think a 30 minute call with a CPA could clear up all these issues and save a lot of headaches.