This method allows you to take some of the profit tax free and indefinitely defer the rest of tax, using it to purchase larger, nicer property/properties in areas with better cash flow potential.

I'm fairly new to the real estate game and currently have 2 properties; 4 bed 2 1/2 bath renters have been in there going on their 5th year, and a new 3 bed 2 bath we're looking into using for a midterm.I work as a radiology manager for Methodist and been with them going on 10 years.

The registered agent is listed on all the documents, not the property owner.Your Operating Agreement should list members and authority. 

Look forward to meeting.

Hello @Luis Herna,In this scenario, the buyer should provide the EMD (Earnest Money Deposit), as they’re the one ultimately purchasing the property.

Though, this process will be the same for the other state (if you created a CA LLC you may need to register it as a foreign LLC in the state in which you are doing business/holding property).

Hi BP team,I recently put a property under contract using a California realtor.

I plan to put two duplexes on the property but with this high appraisal is there a smarter thing to do to pull that money out of it or just use it for better collateral for the construction loan most banks will lend on the transfer price within a seasoning period. we face the same issues for land entitlement and development.

However, I have received an offer on my property from a very good and trustworthy friend that I have agreed to accept.

These factors typically indicate strong rental demand and potential for property value increases.