Madeline Lamour
Esrimation of closing fees
Beware NH investors,Hello all, I am moving to NH in a few weeks and I have been studying the market and running the numbers on a few properties. I am on BP almost everyday, whether it is reading articles or listening ...
Mike Gordon
General LLC Questions
I think I'm ready to form an LLC for the next property I buy and am currently writing a few offers. I had some questions about LLCs that some of you might be able to answer: - I'm thinking of filing in Nevada or Wyomi...
James Park
To 1031 Exchange or Not to 1031 Exchange Tax Question
I wanted open this questions to @Brandon Hall or other BP investors who have experience with 1031 exchange.Suppose that i have a property in Chicago that i purchased for $400,000. Over the years, I have taken a deprec...
Cristin Andrews
Austin 78705 Worth it to buy non cash flowing condo for UT Son?
My son is just about to start his sophomore year at UT Austin and plans to stay for Masters but may end up transferring elsewhere for Masters. Seems this area is an equity play vs cashflow. With taxes and HOA fees tha...
Will Jones
What is the best plan you hold rental properties?
I'm buying rental properties in NC. I was wondering if there is a preferred way to run them. Weather it be by llc each one? Keeping them in your name? Tax reasons as well . Any pros and cons would be greatly appreciat...
Account Closed
Do you issue 1099 to whosalers and RE agents?
Hello everyone, I have a basic tax question. If a investor/person wholesale me a property, do I need to issue him/her a 1099 for tax purpose?
I am a person who does everything by the book and I definitely want to en...
Stuart Stevens
What state to setup a corporation in?
I am doing my first flip and it appears that I should setup an "S" corporation or a LLC that is filed as an "S" corporation. Does it matter what state the LLC or corporation is setup in? I live in California which i...
Sara Klaus
LLC - "Doing Business in California"
We are purchasing our second investment property in Hawaii. Our first property in Hawaii is owned by "Property 1 LLC," which was formed in Hawaii. This is a multi-member LLC. We live in California, and self-managed th...
Tracy Parsons
Shello Company, Land Trust and Series LLC?
I have 5 properties in two states and have moderate cash flow at this time. (Although It's is growing in the right direction:-)I am exploring issues about forming a shell company and putting the properties in an serie...
Marcus Welson
Seller Closing Costs Review and Options
Background:Miami-Dade Condo property.I am a first-time seller.No mortgages or loans on my property.Standard Florida Realtors Association / Florida Bar AS IS Purchase Contract.Buyer in default on various provisions and...