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Hi everyone,I am trying to understand this whole tax situation with a LLC and how we actually get taxed.Say I have a property, under my personal name, that generates $1,000 per month on rents and $800 per month on all...
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I am running into an issue getting a HELOC on my primary. Although I have $300k+ equity, $2M in business assets, absolutely 0 debt except for my current mortgage, and a credit score so clean you could eat off of it, t...
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Hi everyone. I’m a resident of Los Angeles, CA and I plan on purchasing rental property in Indiana. Where is the best place for me to establish an LLC? I have read about creating a LLC in the state I plan to do busine...
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I found an attorney in my area who specializes in real estate and has stellar reviews. The only thing is on her website description it mentions that "commercial landlords and tenants value her extensive experience..."...
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From what I've read on the Biggerpockets Forums in the US section, an LLC is the most popular for the liability protection, and the tax structure, and has less accounting headaches than a C Corp. However....here in C...
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Sorry if this is already a topic somewhere but I want to purchase my first rental property but do it under an LLC. I currently have an LLC in Oregon but its unrelated to real estate. My question is can I obtain my f...
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Hello all!
I have been exploring financing options. The goal is to BRRRR a property. I have enough saved for a conventional 20% down loan for a property around $250K (would be an out of state inventment). However, I ...
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Hi BP,In 2014 I hired a recommended contractor to do a quick job for me at the end of a project, but later learned that he was unlicensed (yes, I know I should have known that upfront AND got a W9 filled out before wo...
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so I just recently filed for my LLC and Ein. After I received my employee identification number, I was told that if I want to, I have the option of filing form 8832 "Entity Classification Election" and elect to be cla...
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Hi , I'm new here, i'm french and i need some advices regarding liability insurances : I'm just about to buy a property near Birmingham Al (closing next week ) to rent and i would like to protect myself as much as p...