Account Closed
Rolling acquisition fee into deal equity at closing (Syndication)
When just starting out in syndicating, if the syndicator does not have enough capital to buy into the deal (which I understand is necessary for newbies to promote investor confidence) can he/she simply roll all/part h...
James Whitehead
Portfolio of six homes, worth the investment?
This is potentially going to be my first deal so I apologies in advance if my info and idea isn't as succinct as it could be.My wife's family is in Louisiana and looking to sell 6 rental homes as they are moving out o...
Andrés Uribe
US entity structure when investing from Canada suggestions
Hello BP Forums.
I am a new investor and WILL get started investing in US real estate from Canada in February. I have almost everything lined up, a couple agents, a property management company, lender (just one so fa...
Yuliany W.
LLC Classification: Partnership, Corporation, or S Corporation?
Hi,
I would like to get your thoughts on this. I recently created an LLC to own my future real estate properties and I also just applied for an EIN. What is the best classification for an LLC which purpose is to own ...
Saika Maeda
CA resident investing in OH: LLC or Own under personal name with umbrella policy
Hi all, I know this topic has been around in many posts but I'm still not sure about a few points. I'm a CA resident investing out-of-state. I'm about to buy my first property in OH and plan to buy many more in OH and...
Ryan Bird
How to pay personal mortgage from LLC account with co-mingling
I have a personal mortgage for my rental but it’s owned by LLC so rents goes to business account. How do I pay personal mortgage using those rents? I read the below approach online and wanted to see if this is correct...
Kevin K.
Property Tax on first residence
Hello again BP,I'm looking at a duplex in a suburb of Chicago as both my primary residence and my first home, live in one unit while I rent out the other. I'm looking at an FHA loan to get this going because I don't h...
Jonathan C.
Pennsylvania - Rentals, LLC and Transfer Tax Question
Originally posted this in General Real Estate Investing but I think it probably belongs here instead.
What is the best method we should use to buy a property and put it into a newly formed LLC?
Our LLC currently doe...
Travis Elliott
CAN SOMEONE TELL ME THE DIFFERENCE BETWEEN SELLING IN ONE YEAR OR WAITING
I was wondering what the tax difference is between selling a home before owning it for one year or after owning it for a year.. Is there a set tax percentage rate for both?
Deyano M.
LLC, Uncle Sam, and $$$
I am trying to figure out the best option for dealing with profits and Uncle Sam! I contacted a CPA and he is $210/hour- egads!! Hoping all of the experts on here can help.
When it comes time to divide the profits, i...