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...

My wife and I own a rental in Minnesota that we are wanting to sell and do a 1031 exchange into a STR in Florida. The problem is the Townhome is in both of our names and the LLC is only in my name. Will we need to jum...

I recently created a TX LLC to buy and hold rental properties. The LLC has 2 members and when I registered to get an EIN with the IRS, my registration got switched from an LLC to a Partnership. The IRS website mention...