Hello! I am interested in starting in (residential) real estate investing within the next year or two (within Iowa), once some personal debt has been paid off. I am trying to decide what kind of corporate entity (if...

Advantages/disadvantages of LLc,s

Hoping someone may have some advice:We are a three person REI partnership, all partners live in California.We invest in mostly Indiana properties.We are trying to accomplish a couple of legal goals:1. Protect each ass...

Hi, first post. I hope to learn a lot! So, I am looking at doing Airbnb/VRBO type 3-7 night rentals. My main concern is liability and what can I be sued for. It appears 401k's are basically untouchable anywhere and in...

My understanding of Dealer Status is that if you are flipping on terms (in my case: buy on terms, fix -or not-, then sell on terms) then you lose the ability to be taxed as an installment sale where your gain is sprea...

In the case that you have your own Property Management entity set-up to service your own rental SFR properties. What is the best rate to charge yourself? Same as any outsource company (i.e. 8%-10%) or do you charge le...

I'm in the process of setting up an LLC with two others to invest in a Nevada syndication project which is owned by a Nevada LLC. We will not be purchasing any real estate; rather we will be investing in an LLC which ...

Hello all,I'm relatively new to BP, but I've been dabbling in Real Estate for 5 years now. I've decided this is my year to become more intentional. I own 4 properties, and am under contract for a 5th. Currently I do a...

Hi all,any thoughts on whether LLC or S-Corp for Airbnb income?   I'm thinking of an LLC taxed as an S-Corp.Also, I'm looking to buy my first rental property with my father.  We'd both put up half of the equity-- woul...

Anybody have a template for an operating agreement for an LLC or care to share theirs with me? I'm getting a loan through US Bank and they want to see operating agreements for my business LLC and the LLC that'll hold ...