All Forum Posts by: Ronda Doxey

@Joseph B. Davisson - Extremely helpful! Thanks.

@Cody Backus Thank you! Yes. All same partners. So, I guess now, just need to figure out if it is really necessary or the best thing for asset protection to go this route. Thanks for your input. I appreciate it.

@Douglas Orr - Thanks! Will do!

@Steve Vaughan - Series LLCs are legal in Texas. We are buying single family homes and with partners.  We plan on buying many. 

Is it best to set up a Series LLC and then add each house as a separate entity under that? Or just set up separate LLCs.? We are beginning to add lots of houses to our portfolio and want to have the right amount of protection. We don't want one bad apple to bring down the rest so to speak.

Any information on protecting us as landlords and ease of tax prep. is appreciated!

@Brandon Hall

That helps thanks!

@Brandon Hall

LOL. Well that is as clear as mud. 

@Brandon Hall

What classifies as a dealer? I have heard more than 3 flips. Is that correct?

If you are selling a rehab as an owner finance, do you have to take all the capital gains in the year you sell it? I have heard both yes and no. My CPA is hesitant and says I need to take the gains all upfront but that it is very grey...