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 ...
Account Closed
Multifamily LLC Structuring Questions
Hi BP community! For a little background, I’m a Houston oil and gas investment professional working for a venture capital firm that has ~$11 billion in AUM. I'm familiar with the underwriting acquisitions and am inter...
David Y M.
How to Do Real Estate Partnership without 1065
I've read that you can file real estate partnerships without actually filing a 1065."The IRS and the courts have stated that mere co-ownership, rental, and maintenance of real property does not create a partnership fo...
David Robertson
Hiring a laborer for first rehab-what do I need to do?
My younger brother will likely be doing some of the general labor around my first rehab project. He is going to likely be using some of his hours towards his internship program at school to graduate. I'm curious, wh...
Gary Sowell
Accounting software or property software
Looking for recommendations for either accounting software rental management software to tract my expenses and use for taxes.
I looked at quicken rental manager might work since I’m the manager for my own apartment b...
Maryann L.
Wells Fargo - Need help
I'm at a loss this morning...just when you think you've seen everything.
I have closed AND flipped a WF property before. Actally in April. It was with a different LLC. We revamped our company, marketing, contracts...
Christian T.
How can I find inheritance leads?
Does any one know how to find inheritance leads?.
Unfortunately the company that sells them, is based here in San Diego and they
keep those leads " to themselves".
How Can I find these leads.