Carlos C.
Mark J. Kohler consultation
29 January 2025 | 20 replies
One thing that I REALLY hate is that most of this Lawyers have great structures and setups...but very expensive packages that include entities that are not necessary.More info tomorrow.
Gabe Goudreau
Acquiring Properties With Different Partnership Structures
13 January 2025 | 7 replies
There is a provision in all my contracts that permit me to assign the contract to a newly-formed entity that I control.
Jorge Abreu
Creating A Blueprint: Your Real Estate Investment
29 January 2025 | 0 replies
You create a single-purpose entity to own the property and raise funds to buy it.
Alec Jacobs
What bank account should I use for my rental property?
29 January 2025 | 4 replies
You won't open a "business" account unless your property is held within an entity.
Dan N.
Can a Wyoming LLC own an investment property in ANY state?
9 January 2025 | 18 replies
., to the best of my knowledge a Wyoming LLC can own property in any state, however the LLC must register as a foreign entity in that state.
Michaela T.
Anyone have any accountant recommendations for someone with a W2 & LLC?
28 January 2025 | 7 replies
A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You should also consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
Jonathan Small
DIY or hire help for taxes?
23 January 2025 | 7 replies
A good real estate accountant can save them thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend that they find a tax accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.I would also recommend that they look for a accountant willing to work with them throughout the year, who can help them strategize and who is responsive when they want to know the consequences of the financial decisions they are making throughout the year.Good luck.
Ajay Bodas
1031 Exchange Property from Revocable Trust to an LLC
29 January 2025 | 3 replies
In your case, transferring the property from a revocable trust to an LLC where you and your wife are the owners should not affect the 1031 exchange, provided the LLC is a disregarded entity for tax purposes .
Pamela Rivas
Can foreigners buy Real Estate in Mexico? Legal process explained!
23 January 2025 | 5 replies
This means you can sell, lease, or pass on the property as you see fit, just like any other property owner.Full Ownership RightsYou have the same rights as a Mexican property owner, including the ability to sell, lease, transfer, or mortgage the propertyLegal SecurityThe Bank Trust is a well-established legal mechanism in Mexico, ensuring your investment is secure and protected under Mexican law.Renewable TermsThe trust is set up for 50 years and can be renewed indefinitely, allowing you and future generations to maintain control over the property.Estate PlanningThe trust makes it easier to pass the property on to heirs, simplifying the inheritance process and reducing potential legal complications.Although the process might initially seem complex, it is entirely managed and supervised by a reputable banking entity.
Basit Siddiqi
Investing in Spain: Good idea for non-residents(Americans)?
23 January 2025 | 31 replies
This way, investors could avoid the tax burden since the operations would fall under a European entity.