Jim S.
Tax question - seller financing on flips
Hello tax experts! I'm a buy & hold investor that is looking to get into some small remote flips or wholesaling. Flips in general seem to come with a very high tax burden, especially if you live in HCOL area with ...
Tina Lee
WY statutory trust for exemption of CA franchise tax
I'm a WA resident and own one property in CA. Anderson Advisors has formed a WY Statutory Trust for me for my property in CA. I don't know what to do next. My property manager is still taking out Franchise tax mont...
Mark Sproesser
ownership to transfer to brother upon death.
I am sole owner of a single-family property in Ca. IF I die before my 1 and only brother, I want him as 100% owner of the property. I also have 1 son . I am doing a refi and my brother is helping me to qualify as such...
Brian Day
Withdrawing from an old 401k to pay debt
Current situation - I'm 34 years old. A couple of years ago I rolled 75% of this 401k into my company's ESOP. I left that company in June of last year, but I was there long enough to be 100% vested. Since I rolled ove...
Jake Drappi
RENT CONTROL QUESTION FOR NEW JERSEY
Hello BP,
I am looking at a property in NJ and starting to get a better understanding on how rent control will affect my investment. The town I am looking for has some information posted, which I came across, but can...
Ryan Neris
Need some advice on multifamily
Hello everyone,Let me preface this by saying I know enough to know there are many different variables but let's assume I don't know anything.I'm looking for general advice on two potential deals:I'm living in a duplex...
Chad Deihl
Mortgage Loans for an LLC
What does a lender typically require in terms of issuing a mortgage loan to a newer LLC for its first property purchase? if it matters, this would be for state of Nevada or Arizona.Thank you
David Uhl
Intro 1031 RawLand Investment and new Landlord investments
Hi I'm new to Real Estate investments, I have a Raw land property in Round Rock Texas that will sell 15 March and I'll have a nice cash out, after paying closing cost. I'll need to do my cost basis to determine how mu...
Samuel DeMass
California State sales tax on property?
I have a friend who is selling a condo in San Diego and they told me they are being hit with what they called a "State sales tax" that amounts to about 3% of sales price!To be clear, this is something separate from ca...
Jeff Bisgier
Form an LLC.....Yes? No? Maybe?
Hi Folks,I was hoping not to have to write an new post about forming an LLC as there are tons of them on BP, but after reading through so many forum posts and reading articles on both BP and other websites, I'm more s...