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Results (823)
Marni Blank 1031 exchange question involving LLC's
29 August 2024 | 5 replies

Hi there,I'm selling a single family home in upstate NY (owned by an LLC that is in turn owned by myself and my sister).  We are also part owners in a small commercial property (also structured as an LLC) also based i...

Dj Larsen Selling shares of an LLC. What are best practices?
11 June 2019 | 10 replies

I am interested in purchasing properties with small groups of families for student housing (their kids). Each property will be purchase and manage through a seperate LLC. 1. As the managing partner, will I need to q...

Corbin Lane Does Principal Reduction affect Capital Gains calculation?
12 April 2021 | 5 replies

During the 08 crisis I qualified for a HAMP loan mod that included a large principal reduction as my home was 50% below purchase price. I also had filed bankruptcy around the same time, and later found out that the le...

Krissi Miramontes LLC Newbie Questions
15 March 2023 | 3 replies

I just bought my first SFH and am closing on my second at the end of this month.  Both are located in Toledo. I live in CA.   Im trying to figure out what my real needs are for an LLC.  My questions are:Anyone just us...

Tony N. RE Attorneys or CPAs that can help me understand my 1031 options
10 April 2019 | 5 replies

Hello all - this is my first BP post.I have a single family that is zoned for multi. I'm just completing work on adding a suite in the basement and a few other upgrades to force appreciation. I've only owned the home ...

Wendy Stclair Optimizing the value of 1031 Exchange
25 April 2022 | 2 replies

Hi all! I'm on a whirlwind education of 1031 land and have been analyzing how to maximize my results on a recent sale. I'm curious any sage advice on my approach, from those of you perhaps more seasoned here... SOLD: ...

Rachel Hughes Can I 1031 exchange these 3 properties? Y/N?
17 May 2022 | 4 replies

Property 1: Purchased as primary residence in Feb/2020. It is a SFH with an attached in-law suite. Main house has been a short-term rental since March/2020.In law suite was my primary residence from Feb/2020 - Feb/202...

Stephanie L. Personal Corporations
28 October 2015 | 2 replies

I'm reading Rich Dad, Poor Dad and just got to the chapter on personal corporations. I wondering if people are setting up some kind of a family corporation (and how that works), or just business corps for the RE inves...

Nicolette Alger LLC or other form of asset protection?
20 July 2018 | 7 replies

My husband and I closed on our first two properties a few weeks ago.  We need to set up some sort of protection.  We were thinking about putting them into an LLC, but with my reading there seems to be drawbacks to tha...