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All Forum Posts by: Andy Bedard

Andy Bedard has started 2 posts and replied 4 times.

General Landlording & Rental Properties

Post: Rental set up LLc vs Personal & Co-Mingling ?

Andy BedardPosted
  • Real Estate Agent
  • Colorado
  • Posts 4
  • Votes 0

Purchasing second rental condo... Thoughts of owning in personal name (with spouse) with umbrella coverage vs owning them in a LLC (SM or Dual Member matter? I know taxes are a bit more complex as Dual member...)

Also, I have an LLC and own a property free & clear (which I do now) and do a cash out- can I take that cash as a draw for personal use / investing or is would that be co-mingling effectively negating the point of the LLC? or would that cash need to remain in that LLC for investment purposes only within that LLC?

Thanks!

0 Votes
Buying & Selling Real Estate

Post: Properties in multiple states. ? Taxes?

Andy BedardPosted
  • Real Estate Agent
  • Colorado
  • Posts 4
  • Votes 0

One property in at state seems like a pretty quick and easy state return to do… I actually do my own now… 

0 Votes
Buying & Selling Real Estate

Post: Properties in multiple states. ? Taxes?

Andy BedardPosted
  • Real Estate Agent
  • Colorado
  • Posts 4
  • Votes 0

I’m a small investor (own some properties in Denver) and am looking to purchase more in better roi states… can’t decide if I should try to stay in one state or go where the deals are? From a tax standpoint. 
Is it a pain to own 5 properties in 5 different states with taxes or no biggie…? should I just go where the deals are and diversify? 

Feedback? 

0 Votes
Real Estate Deal Analysis & Advice

Post: Finding investment properties

Andy BedardPosted
  • Real Estate Agent
  • Colorado
  • Posts 4
  • Votes 0

Get on local wholesaler email lists, have $ ready 

0 Votes