Benjamin Lemieux
Question for attorney about legality of financing
Goodmorning Biggerpockets,*Note* I intend on consulting my actual attorney this week, but until I hear back my anxiety needs an answer.Basically I'm questioning if what I am doing is legal. It was the loan officers su...
Michael Wnek
Best time to Start an LLC
My Wife and I are looking to move into our first House Hack soon. I have a general question as when is the best time to start an LLC. We will also be managing a family property and looking to grow our portoflio over t...
Derek Scott
Should my business entity manage my SFR that I personally own?
This is largely a tax related question, but if there are other legal or financial or insurance things I should think about, please chime in.We have a SFR that is the first rental unit we owned. We used to live in it....
Andrew Yu
Responsible Party Name and Tax ID on SS-4 for My IRA LLC
I have an IRA account with uDirect IRA. Later I realized it doesn't allow account holders to sell what they don't own. So I can't do wholesaling with my IRA account. I decided to create my IRA owned single member LLC,...
Josh Carter
Best Self Directed IRA?
Any recommendations? Currently talking to a company called Equity Trust whose fee is a little above 1%, does anyone know of a self directed ROTH IRA that can do better?
Shawn Long
Can capital gains tax be avoided through an LLC & depreciation?
Can you avoid or defer most of the taxes if you have an investment property inside of an LLC by using depreciation or maybe even in conjunction with a self directed or rollover IRA? If so what are the proper steps and...
Jerry Poon
Resident of CA with IN LLC. What out-of-state LLC fees do I owe?
I have an LLC in Indiana for my investment properties. It was set up in the last quarter of 2015. The physical address is in Indiana, but the mailing address is in my local area. Can someone with experience and/or kno...
Mark Tanner
Recommendations for Custodian of Self-Directed Solo 401k
I am looking to open a self-directed solo 401k. What are the best custodians out there for self-directed solo 401ks? In case it makes a difference, I plan to use it to buy rental properties, probably with mortgages si...
Richard Fleming
Buy and hold income question
Let me make sure I get this straight...Just for example, I buy a house today and rent it out tomorrow. From the day I begin to receive rent from the tenant through the Dec 31, this is looked at as "income" by the IRS...
Andy Johnson
Software and ACH Setup
Hello, My husband and I are starting a property management company in the Jupiter, FL area. We have one owner and one tenant so far and we are currently setting up Buildium. I am just curious how most structure their ...