Brenda B.
Does my silent partners needs to be in my LLC
Hello everyone! I have a silent partnership agreement with a friend in where we established the I will be the managing partner and he will be the silent partner. Me as the Managing Partner shall have full and sole aut...
Mike Schorah
Where is the motivation in code violations? The disarray itself or the fine amount?
Where is the motivation in code violations? Is it in the disarray itself or in the fine amount?
I ask this because after contacting 40 code enforcement entities, there seems to be 2 styles of enforcing code violation...
William DeHaan
I Don't Need a Custodian nor LLC for a Self-Directed Solo 401k?
Hey Everyone!I was going to transfer my Individual 401k (currently with Schwab) to a Self-Directed Solo 401k with Provident Trust using them as the Custodian ($495/year) and then also establishing an LLC to which fund...
Matthew McNeil
Partnership LLCs Required to Adopt New Tax Audit Agreement
I came upon this recently and wanted to share it because I'm not seeing it in other posts. The Bipartisan Budget Act of 2015 effective January 1, 2018 requires all LLC partnerships to adopt a Tax Audit Agreement. Bu...
Nina V.
Agreement between 50/50 owners of a rental unit
Hi folks, I am closing on a property with my cousin and both of our spouses. Each family will own the property 50/50. In the process of coming up with a legal agreement between us, we cannot figure out how to address ...
Steve M.
Question about LLC and EIN
All, I have formed 2 LLCs: 1) manager managed (parent), called LLC A; 2) member-managed called LLC B. My wife and I are managers/members of LLC A and LLC B is member managed and the sole member is LLC A. I just rece...
Cody Barrett
Diff. between Change in Terms of lease & an Authorization letter?
Hey everyone!New landlord here.. I am curious if there is a difference between an Authorization letter and a Change in Terms of Lease Addendum. If there is a difference then I assume that it is situation specific? F...
Mary George
Zillow rental manager
Why do the screening reports Zillow offers need my personal info as part of the terms of agreement? What is it i'm really agreeing to?
Johann Jells
Can I sign a lease in my wife, the owners, name? Or do I need to be officially a manager?
Our first property is still solely in my wife's name. I do all the management of our rentals, and the others are in both our names. Can I sign a lease, or what do I have to do to be able to sign?
Ian McCook
Contract to sell a property prior to closing
New to Biggerpockets, but it looks like a great website. I need some advice. I have a property under contract to purchase in Florida (ie, equitable title). I have a buyer that is interesting in purchasing the home....