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...
JJ Mayer
Lending to the Individual vs the LLC/Inc.
Question - would love to get a lender's perspective on this...We have 3 partners that each own a 1/3 interest in our "rental business", but we do not have a formal partnership agreement or an LLC or a Corp set up. So...
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...
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 ...
Eric Yu
Business Formation or Asset Protection Lawyer Recommendations In Bay Area? (And CPA!)
Hello everyone! Does anyone have a good recommendation for a real estate attorney (specializing in business formation and/or asset protection) and CPA in the Bay Area? Preferably in the Oakland, Berkeley, Walnut Creek...
Ting Liu
how to split capital gain tax with partner
I bought a building with a partner several years ago. But the building and loan were both under my name. My partner was not on any official record. Recently we sold the building. I'm just wondering how to handle the c...
Michael W.
DBA for the Beginner Investor
My wife & I are planning to purchase our first rental property next year.I have read so many different things about LLC's vs Umbrella Insurance & I still haven't come up with a plan of action.When leasing our ...
Derek Buehner
Tax deductions on a remodel for a future STR while living in it.
I currently live in a single-family primary residence. Next year, I plan to purchase a second home and move into it. I intend to rent out my current home as a short-term rental. Before listing it on an STR platform, I...
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...
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...