All - I took some bad advice and put the 1031 Exchange into my LLC. I am now learning the reality of that. In order to purchase another house using the 1031 funds, I will need to use a commercial loan due to the LLC...
My wife and I have just executed a 1031 exchange, however, all of the properties we purchased are currently listed in our own names. We'd like to get them in an LLC as soon as possible although the intermediary an...
I have a TIC share. I would like to exchange into a property, also TIC. My current TIC is in my personal name. In the exchange I would like the new property to be one half in a revocable trust in my name and one half ...
Any advise on how wholesalers can claim a W2 income to build credit and establish a paper trail of legitimate income. I know some have set up an LLC and pay themselves a salary out of that corp each month. Is this a ...
First time posting to the BP forum. Have to send a big THANK YOU to all of the folks sharing their experiences and information in this community. Very much appreciated.I am in the middle of a 1031 exchange, having jus...
Hello everyone.
First time poster.
General Background
Newbie investor
No credit available (poor credit and repo due to major health issue).
Multiple tax years of returns due (nominal to no income)
Unplanned ow...
I would like to transfer my Lakehouse out of the LLC to myself. I have around $65,000 invested in the property. I have a $75,000 line of credit against it. During getting The line of credit on the house in appra...
Commercial Real Estate Newbie question here!
I purchased a 7500sqft, 5-unit office building under an LLC that I use for my RE Investments. I purchased for 410K and the building appraises as-is at $520K. Current re...
I found an article at This Link entitled "Sell Home to S Corporation and Then Make It Rental Property" fits my situation pretty well, except I want to sell it to an LLC that I already own. Would the article apply to m...
looking to transfer my primary residence to my llc and rent it out.