Which banks are providing the best LOC rates and limits right now for real estate LLC's?I am heavy in collateral but light in-cash for cash purchases.Thanks for the help.
I own a Real Estate C Corp that Flips properties. I also own a construction/ design company that gets paid from the C-corp through a 1099 each year when I do construction or design services for the C Corp.
Averagi...
Hi Everyone,
I am paying off a mortgage for a NNN property that I have bought using LLC name A. My attorney is indicating that it may be better to first create a new LLC B where all my funds would be deposited first ...
Hello BP colleaguesI live in Southern California and from what I hear series LLCs are not recognized by the state of CA. I’ve also read (various sources) that it’s a good idea to create a separate LLC for each investm...
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...
We got mail that San Jose city will collect biz tax for landlord who own even just one property. The deadline is end of June. We didn’t register biz entity. Just a married couple. What would be best to choose from? So...
I recently purchased a renovation property using an LLC that was formed specifically for holding the property. It was purchased with all cash so there are no liens on the property. Because the property is held under a...
Question - I have a client who would like to sell his investment property, then purchase via 1031 a property owned by an LLC in which he has an ownership interest. Is this possible?
Hello!We have few properties that we are considering putting in a TRUST.We are not sure if we can collect a rent from houses that are in the TRUST.If this is possible, do you know what is the best way to set it up?Tha...
Hi All:I recently transfered the deeds to my buy & hold properties out of my name and into to my LLC's names. Now I'm finding it hard to find competitive home owners insurance coverage as a result. Does anyone use...