I did a 1031 exchange 3 months ago. Sold one house and purchased a 7 condos. The original house was under an LLC and the condos were purchased under the same LLC. For liability reasons, I want to move each condo into ...

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In setting up my LLC in North Carolina (a community property state) is it preferable, for tax reasons, to set it up with only one of us as a member or both?  My CPA says it is better not to have things set up as a par...

Hi All,I am a resident of CA and have a CA LLC, which is kind of holding LLC. It is held by my trust and have some CA properties (through land trust). I am planning to buy out of state properties (Texas, Cincinnati, O...

My husband and I are real estate investors in Dallas-Fort Worth area in Texas. We currently have 15 Single Family rental properties on our personal names and are in the process of getting a commercial portfolio loan f...

I'm a newbie to 1031 and have a SFR rental property that is just today under contract...30 day closing.  I would like to 1031 into a NNN or NN Commercial property and have to move fast.  I need recommendations on grea...

Hi BP, I ran into a situation like: I have several properties in Orlando and I'm currently living in LA, California. My PM suggests me to put all my properties in either LLC or Land trust for better asset protection a...

While I am waiting for a response from my accountant, I figured I would try to BP Community. I did try to search, but did not find a similar scenario.
I am considering selling my SFR in North Texas. I lived in it fr...

If i've filed personal taxes and listed my LLC as self employment is that all the filing that I need to do since LLC's are pass through tax entities?

Hello All,My folks recently sold their last property and made the move to retirement here in Florida. Last year they sold their investment properties held in a Massachusetts LLC and purchased various properties in Flo...