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Results (10,000+)
Joy Jones Buying in my business, selling to myself?
9 February 2017 | 2 replies
@Joy Jones - It seems possible but I think the fees and taxes will outweigh the benefits.FHA has specific rules about "Identity of Interest" non-arms length transactions.
Tony Velez CT recommendations for property management
3 January 2023 | 5 replies
If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.
Tiffany Drahonovsky Tenants trying to claim COVID reasons for not paying
29 April 2020 | 19 replies
She claimed she had covid and no money- yet I have  verification from her that she's on disability and that is not impacted with COVID.
Kris Hodges Do HOA dues effect home value?
5 June 2024 | 6 replies
Think of it this way - you have two communities with 1 bed 1 bath 900 sf units.One has a HOA fee of $350 and another identical is $650 - which units will have higher valuations? 
J. Pablo Fernández Finding a property manager in Indianapolis
12 June 2018 | 4 replies
If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff. 6.
Wendy S. DSCR loan, Florida Property
2 February 2023 | 34 replies
No need for tax returns, Verification of Employment, or income.
Cameron C. Committing Mortgage Fraud via Househacking Strategy
30 May 2017 | 53 replies
I don't keep track of the language differences, but yes you are probably right that this specific provision is likely substantially identical nationwide.
Scott Yanta Series LLC & BRRRR Questions from Rookie Investor (Illinois/STL)
25 June 2018 | 6 replies
Whether the courts of a non-series LLC state would respect the liability shields of a series LLC is not known.The IRS has issued proposed regulations providing insight into the IRS’ treatment of these entities:1) Each series within a series LLC will be treated as a separate entity for federal income tax purposes;2) Each series is allowed to choose its own entity classification independent of the classification of other series; and3) Each series should only be liable for federal income taxes related to that series.The proposed regulations do not address the entity status of a series organization for federal tax purposes nor do the proposed regulations specifically address whether each series within a series LLC should obtain a separate employer identification number (EIN) and file a separate federal tax return.Until final regulations are issued, I advise clients to obtain separate EINs and file separate income tax returns for each separate series which, I believe, helps each series maintain separate and distinct corporate identities, thereby reducing the risk anyone may be able attached a judgment to you or another series and pierce the corporate veil.Other ways to minimize the chance that one series may be held liable for liabilities of the entity as a whole (or another series) include the following:1) Create a separate bank account for each series (again, you’ll need a separate EIN to do this)2) Don’t commingle funds within series.3) Always sign documents in the name of the series.4) Properly document all loans between series.5) Conduct all transactions between series in an arms'-length manner at fair market prices using appraisals.6) Keep the assets and operations of each series separate from the other series.
Henry Dunklau Financing help and suggestions needed
16 January 2018 | 3 replies
@Henry DunklauHenryThe rate you get is going to depend on your qualification.  8% on a 30 year is a rate for a no income verification, no seasoning on title type loan. 
Dave Homyak New Investor from Ann Arbor, Michigan first deal frustration!
20 September 2017 | 1 reply
However, the blood test was done after they had been living in this duplex for a few months and the building was definitely pre1975.My buddy, who has some rentals, told me a story that was almost identical, where he had to pay an attorney $9K to defend himself in a lawsuit for a kid found having lead in his blood in one of his buildings.