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.
Daniel A Lee Kim
Bought a SFH, sellers temporarily fixed issues to sell, now what?
19 June 2018 | 6 replies
Once you sign (close), you are for all intents and purposes accepting conditions as they exist upon delivery/conveyance (closing).Get a couple of other HVAC opinions/estimates, and do your research before pulling the trigger.Best of luck!