Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago,

User Stats

10
Posts
6
Votes
Priscilla Avery
Pro Member
6
Votes |
10
Posts

Starting out, starting an LLC, cost segregation

Priscilla Avery
Pro Member
Posted

Newbie here and looking to start investing in Reno, NV or some other easily drivable area close to the Bay Area in CA that has properties not expensive as in the Bay Area. I cannot afford to start here.

BRRR is what I want to do. Also want to take advantage of the tax strategies in Tom Wheelright's book regarding doing cost segregation and taking depreciation on properties and items inside the property that can be a great tax benefit increasing overall cashflow even if your rents are cash flowing minimally.

Also wondering if I should create the business LLC as a first step in the state I will be investing in.  

Just posted this same question in the "starting out" category as well... Sorry for the duplicate

  • Priscilla Avery
  • Loading replies...