Next week, I am closing on my first property. I will be house hacking, living in one unit and renting out the other two. The structure will need some initial work, between some repairs and some improvements, which wil...

Hello!  I'm a real estate agent and an attorney (not practicing).  My brother-in-law is a licensed contractor. We are ready to start investing and need some advice on starting an LLC and bank accounts.  I know some in...

so I just recently filed for my LLC and Ein. After I received my employee identification number, I was told that if I want to, I have the option of filing form 8832 "Entity Classification Election" and elect to be cla...

Hello BP, I would like to celebrate and share my thoughts after 1000 posts and 200 votes, I have gained a lot of experience in looking inside an investor's mind, a knowledge that never occurred to me. It opened me to ...

I get the concept (number of days, etc), but how was the operational aspect?- Were you audited which seems very likely with 1031s?- Is there a huge delay in filing taxes since the 1031 admin has to liaise with your ac...

Hi,

I'm looking into doing some pre-foreclosure home buying. From what I've read here, most people get notices of defaults from their county building as a starting point for mailing out letters to potential sellers.
...

Hi friends!Trying to assess when it's time for us to set up family trusts/new LLCs/registered agents etc...obviously it's a big cost, but makes total sense. So far, we've pieced along different elements of this (diffe...

I am curious how investors in Southern Illinois approach asset protection and privacy protection, specifically for a partnership. I've hear that most buy and hold investors use an LLC, however the cost of an LLC is mu...

Hi
I bought a fixer upper duplex a few weeks ago to keep it as a rental property. I have started slab foundation repair, which has resulted damages to sewer and fresh water pipelines.
Sewer line is visibly cracked ...

Buying my first rental - a duplex in AR. Paying cash. Any advice on to LLC or not? I live in CA so if I should LLC do I do a CA LLC or Arkansas LLC. Thank you!!!