George Chung
Where to set up a LLC investing out of state
I am purchasing a property in Jacksonville and will be purchasing more for buy and hold purpose.I am located in CA, should I set up my LLC in Florida or another state?
Michael Lambert
Found something while driving for dollars. Now what?
I have been able to locate a property here in San Diego county that I want to do some homework on. All I know about the property is what I can see from the street: The fence is falling over, the yard has not been main...
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...
Ana Vhan
Questions around Trust, LLC, sole proprietorship, umbrella insurance
This is our situation. Let me know what is the right path for us - Trust and sole proprietorship OR trust and LLC OR something else? We have rental homes in CA and in AZ. We plan to add all of those under our trust. R...
Kim Harlow-Williams
Investing with Family - How to Set UP
Hello, Myself and my three daughters are wanting to start investing in multi-family. Looking for direction on how we should set up the business or IF we should set it up as a business before we start or wait until af...
Aashrit Luthra
Negative Cash Flow Impact on W2 Income Taxes
Hi all. I'm looking to buy a new construction home in CA for $750,000 as an investment property (around 8% interest rate) with 20% down. The rent I can expect is $3200. This would surely put me in negative cash flow o...
Scott K.
Can travel expenses be tax deductible?
Hi there, when my family and I travel, we simultaneously use that trip to look at potential investment properties. I was wondering, are any of those travel expenses tax deductible?
Jason Kahan
Structuring a Partnership for 1031 Exchange
I have bought 2 long term rental properties with my brother. I am on one loan and title, he is on the other. We have a separate contract stating we are 50/50 owners. Will we be able to 1031 exhange when we sell the pr...
Zeb Wallace
Pros and Cons - Registering LLC in-state vs. out of state
I have a property in CA that I want to put into an LLC.A lawyer advised me to register my LLC in Nevada and then complete the foreign entity process for the LLC to also be registered in California, where the property ...
Lilly Fang
For flip, should I have an LLC or just as an individual? What about BRRR?
1, I just did a flip with a partner. He has an LLC, but I am an individual. The profit will be taxed at my personal tax rate.What's the benefit of having an LLC to do flip? What I think is that the mileage and meals w...