Michael Scott Simonoff

Michael Scott Simonoff's Answers (12)

Las Vegas, NV

Real estate Lawyer at Las Vegas, NV

Practice Areas: Real Estate, Limited Liability Company (LLC) ... +3 more

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If your only competitor drops out of a competitive bidding war on a house, is the competition void?

Michael's answer | Answered on July 16, 2012

This is very common and you should always determine whether the price you are bidding is the right price for the house. Chasing a house in a...

Archived

Since an LLC cost $800 in CA in addition to tax paperwork, when does it make sense to get one for real estate investments?

Michael's answer | Answered on July 16, 2012

It depends (I hate saying that). It depends on the equity in each property, how many investors (if any) you have, how much income each is...

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