Jefferson Smith
Recommendation for Self-Directed IRA administrator / custodian?
I'm helping my Dad set up a self-directed IRA so he can do some real estate investing. He will want an administrator/custodian that is 1) Reputable2) Responsive & helpful regarding organizational structure and all...
Brian K Akamine
First-Time Introduction and HELOC Question:
Hello all, My name is Brian Akamine. I'm new to BP. I'd like to introduce myself to the group and also I have a question for advice.First, a little of my background. I'm a former SoCal native 35 years in a city called...
Maggie G.
When to form LLC., before or after buying a property?
When to form LLC , before or after buying property? Can I borrow money from the bank for LLC or other form of corporation?When is the perfect time to form LLC, is it when you are beginner investor or advanced one?Whi...
Steven Hamilton II
$500 safe harbor increased to $2,500 for taxpayers
Good news everyone, the $500 de minimis safe harbor limit was increased to $2,500 for taxpayers who place property in service, that are NOT required to produce an audited financial statement(applicable finance stateme...
Will Stahl
Dangerous to wholesale in an LLC
Hey everyone,I'm starting a wholesaling business In New York and just formed an LLC. I've been doing some research regarding the legality of it and I'm a bit concerned. A lot of the forums I read seem to deal with thi...
John Deyrup
Water Utilities Policy Don't Make Sense for Multifamily
There are three issues around water utilities work that don't make that much sense to me. These issues are likely to get much worse due to the lack of investment of in water infrastructure and climate change in the co...
Kumar R
Series LLC Entity Structure
I am starting out as an investor and have done some reading on Series LLC. I searched in the forums and did not find an answer.
I have seen a setup as follows:
1. abc LLC (Parent LLC)
2. 1 Series LLC "cell" to manag...
Chris Seveney
Do you invest in Land Contracts? Why or Why Not
For those who invest in notes, the number of notes for sale has been limited compared to the number of contracts for deeds (aka land contracts, an agreement for deed, CFD's etc) I see on the market.I know some investo...
Drew Gordon
Do I absolutely need an LLC for STR or is it okay to be a sole proprietorship?
I currently do not have any units as of right now but I am in question about whether I need an LLC or can I just run the business through sole proprietorship?
Mike Stadel
Are you licensed is it necessary
So I went to my accountant to ask how I would be taxed when I finish my first flip and he went off on a tangent and is telling me I should be licensed to flip houses. So that brings me to my questions...
How many of ...