I have recently seen multiple post by people saying their CPA has advised them against putting their investment property in an LLC and to own them personally.Am I missing something because this seems crazy to me? I c...
Hi! I recently went to a RE conference and there was a company there called Platinum Trust Group (platinumtrustgroup. com) that told us about proprietary irrevocable spendthrift trust. Basically, they're saying that ...
I'm buying a property under my LLC and the title company asks which address I would like for the deed and municipal documents.Should I provide them with my home address or my LLC address? Not sure what are the implica...
Looking for some advice on valuation of an existing day care. My wife and I are looking at purchasing an existing business + property in the area. We are early in the process as we have not had an opportunity to comb ...
I am looking to get started into flipping within the next couple of months, but I'm green - as green as they come. My partner is the general contractor, and I'm the brain - both of whom can take on a lot of responsibi...
hi guys, quick question for anyone that can help me out. I'm currently beginning to dabble with the idea of buying and selling vacant land. As I already work this will start as more or less a hobby as I learn the rope...
Hi BP Team,Hoping there is a tax professional out there that can address my question. I recently realized a significant 1231 loss. I understand there is a 5 year carry over on this so if i realize any gains those ga...
I inherited a foreign rental property from my parents in 2017 and started renting it out in 2018. It was empty for a year. We never lived in or visited the property. I sold it in 2020 for a loss based on the appraisal...
Need some advice on Business Basics since I have never owned a Business or ever created one until now and I am not sure if I am just over thinking this but I want to do this right for my family’s sake. I have a Busin...
Hello all. I'm a new investor and currently have 2 rentals (1 vacant and only recently renovated). For the rented property, during the pandemic, I muddied the waters and used my personal funds to pay for renovation,...