Jean Claude
Should I create a holding company?
7 October 2017 | 1 reply
Basically this is the entity that would wholly own all of your other businesses for the purpose to control all of the businesses from one.
Kerry Mertz
LLC, revocable trust, holding company...What do I really need???
19 January 2019 | 26 replies
From what I understand, the purpose of the Wyoming holding company LLC is for privacy, asset consolidation into 1 yearly tax return and the laws of Wyoming will override the individual state LLC's.
Jake Goehring
CA 3% Sales Tax on Property Sales?
6 April 2018 | 5 replies
It could effect the seller, but even then there are a number of exemptions that may come into play (i.e. the sale of property is for less than $100,000; the sale of property at a net loss for income tax purposes; the property qualifies as the seller's principal residence; etc).Here's some more reading on the subject if you're interested, but it shouldn't be a big deal:Withholding on California Real EstateCalifornia Withholding Tax on the Sale of Real Property
Chad B.
Newbie from San Jose, CA Looking in Raleigh, NC
27 April 2018 | 17 replies
Although I always wanted to invest in real estate, I found property management did not provide me with a deeper purpose for which I was looking.Even though I love what I do, I want to build up passive income through buy-and-hold real estate to provide my family with additional options and decrease the overtime I work.
Will Peters
Presenting Low Offers Without Offending a Seller
14 December 2017 | 35 replies
“Well you need to make money” and “ I know your not low balling on purpose”.
Account Closed
I am not self-employed but want a Self-Directed 401(k) - ??
13 December 2017 | 29 replies
I am interested in transferring my 401(k) from my previous company into a Self-Directed 401(k) - NOT a Self-Directed IRA - for the purpose of investing in cash flowing rental properties.
Ken Nyczaj
Self Manage- no liability protection under LLC?
23 January 2018 | 25 replies
Its purpose is to collect tax at the source, as the wages are earned, instead of collecting the tax a year after the wages were earned.I was told by a lawyer as of now: Maryland (up to now) has looked askance at series LLCs.Thanks for your comments.
Michael Beur
DST(Delaware Statutory Trust )
25 August 2020 | 64 replies
There are some companies like CSC you can hire, but I was quoted $2k/year/trust which was far too expensive for my purposes.
Alec McGinn
Would you ever buy a property without an inspection?
20 June 2018 | 93 replies
@Alec McGinn for you purposes, I would highly suggest an inspection.
Greg Ford
Can I use 100% Bonus Depreciation as alternative to 1031 Exchange
25 May 2018 | 15 replies
The monetization loan is a commercial loan, so as long as the proceeds are used for business purpose, this should be an expense that offsets the income.