Adam Binder
1031 Exchange when have plan to close the LLC
Hello - I'm new to posting to BiggerPockets, so please let me know if this should be posted to a different area.We moved to TN, and have decided to close our LLC in Michigan. The last property under the Mi LLC will be...
Jared Jackson
Using OPM to Purchase a Home
I’ve got the opportunity to use OPM to buy a house in cash, so how exactly do I purchase the house? Do the lenders purchase it under their name or do they write a check to me so that I can purchase it under my name? I...
Jordan Buie
Inheritance Laws: What to do about a long list of heirs?
So, I have a unique situation I am trying to sort out and I'm wondering if anyone else has dealt with this issue. I am wholesaling a property, I get it under contract and I find an end buyer for assignment, only to di...
Cal Rohrman
Help with structuring a partnership
Hi guys,My partner and I are structuring our first deal together and we need help with how we should go about it. I am in charge of 100% of the capital meanwhile he basically is taken care of everything else besides t...
Jay Lam
Title Insurance Void if transfer to LLC?
Hello everyone,
I wanted to get advice on transferring my rental property into an LLC in FL. I spoke with my title insurance company and they said transferring would void the insurance policy. However, on my policy ...
Luke Grogan
Operating Budget for Long Term Rentals
How many of you keep an operating budget for your rentals? As crazy as it sounds, I just realized I don’t often consciously budget future expenses. I often do look backs to see what my actual expenses are and keep in ...
Alain R.
Forming My Property Management LLC for liability and asset protection.
I own under my name over a dozen rental properties (with loans) in Florida which I effectively manage from Europe without an issue. While I have HO6 insurance on them, I am considering creating a My Property Managemen...
Irving Franco
Offsetting 401k withdrawal taxes
Is away to offset the income tax on a 401k withdrawal that will be used to purchase investment real estate. I know I can move the money into a self directed IRA and going that route, but I’m curious if you can take a...
Account Closed
business type
Alternative to the LLC with scorp electionI see 3 downsides to running with the LLC with scorp election.1 Separate tax return for each LLC and yourself.2 Unemployment tax on your income- although limited to $8,5003 Am...
Brad Hales
Transition Roth IRA into apartments and syndications
Hello Bigger Pockets. I am new to real estate investing and am consideration transitioning my Roth IRA into apartment syndications as a passive investor or possibly partnering with other and becoming more active. Wh...