Rene Bee
receiving a house as a gift...
Hello,
My mom received a house through an inheritance last year. She now wants to transfer that house to me as a gift.
What kind of tax issues should I be concerned with in terms of receiving such a gift. The ho...
Travis Schmidt
Forming a LLC - physical mailing address vs virtual office
I decided to form an LLC for my future plans to both flip houses and build a rental portfolio. I want the asset protection the LLC provides and the EIN so I can easily apply for a business bank account. I quickly ju...
Pat Vu
Wyoming Corporation formation
Hi I live in California and file my corporation in Wyoming. I do not do business in California except my corporation owned a piece of real estate in California with no income. Am I ok to keep my corporation in Wyoming?
Brian Armstrong
LLC in which state for out of state investor
For tax purposes, is it better to open an LLC in the state I’m investing in (Florida) or the state I live in (California)? I’m finding some lenders want an LLC to lend to. Is there any benefit to my liability to have ...
Gary Wright
When to file for LLC or Stay as a sole proprietor
Hello everyone ! I am very new to Real estate investing and I do not own any properties yet. My question is, should i file for an LLC while i am educating myself or stay as a sole proprietor and wait until I get my f...
Mike Scott-Smith
Managed Property Georgia Rental Income Tax Question
Hello Bigger Pockets Family,I have been away for a while for personal reasons. My wife and I need some help, hopefully from someone not a Georgia resident but owns rental property in the state of Georgia.We are looki...
Sherri Behrendt
Financing under mortgage then changing title to LLC help.
Hello Bigger Pockets Forum, I just bought my first lake house for Airbnb and personal use in Clear Lake, Iowa. We intend to pay cash to get the deal and then finance to free up cash to reinvest in other properties. W...
Nat C.
recouping unpaid rent and costs from tenants
Firstly, sorry for my naive question but I've never been in this position before.
I am in the process of evicting a tenant.
The current rent they owe is-
November rent- $450 + $75 late fee
D...
Parth Patel
Probate Information at Courthouse
Hello Everyone! I was wondering how people are using the data on the Probate filings. I went to the courthouse for the first time today and spent a good bit going through the files and putting some of the names into...
Tyler Gilpin
What state should I set up my LLC in?
I’m currently working in Ohio for the next 4-12 months. I’m from NC, and plan on moving back. I have 3 rentals, one in NC and two in IL.
I plan on purchasing more rentals in both IL and NC, and possibly even OH. Doe...