Jon Huber
Short sale seller wants to be my tenant...
When buying a recent property in New Jersey, I was personally inspecting the property with the realtor when I began to make small talk with the current owner. He was upside down on his mortgage, and had come to accept...
Zack Williams
LLC for California Residents
I'm debating whether or not if it makes sense to get an LLC for my out of state investment properties? I know it would make sense from a legal stand point but with the $800/yearly cost taking away from the cash flow i...
J M
LLC's & Corp's
Hi, As I'm still trying to educate myself on these things can someone please help out whilst I wait for the mailman to deliver some books on the topic and before I see an attorney/CPA.
After reading many of the post...
Leo Hurtado
Out of State tax for a new LLC
can some guide me in the right direction? I just started an llc in texas and im in california/ do any of you know if I need to file as out of state or as if I live in texas?
Michelle Marshall
How to report profit from a "flip" that I never owned?
How do I characterize/report the proceeds from a "flip" in that I never actually owned?Last year I loaned my best friend money to get out from under her house. I loaned her money up front to move out and get settled ...
Ryan Pritchard
Transferring Properties to LLC
Hello Everyone,
I am looking to get some advice from some more experienced investors. I have three rental properties that I would like to get moved to an LLC and out of my personal name. However, when I checked with ...
Mark Sproesser
ownership to transfer to brother upon death.
I am sole owner of a single-family property in Ca. IF I die before my 1 and only brother, I want him as 100% owner of the property. I also have 1 son . I am doing a refi and my brother is helping me to qualify as such...
Cliff T.
Better to start new LLC? Or use same one?
Hi all, looking to get some sage advice from the BP community...What is your strategy when it comes to starting new LLCs? My 2 investment partners and I started an LLC for our holdings in KCMO, but we're looking to ex...
Matt Hays
California Dreaming (Entity addition)
I've been renting out a single family residence in San Bernardino county California for approx 8 years, and have been relying on insurance as my sole protection.I wanted to level up my asset protection game by creatin...
Wesley Brown
Can I invest in my Cousin's 1031 exchange?
Hi - My cousin is closing on a family farm he inherited and is looking to do a 1031 with a multi-family. He'd like me to be involved to manage the finances of it for a bit of sweat equity and I'd also like to put in p...