Michael Shepherd
LLC Bank Account
I am an out of state investor from CA investing in MI. I am currently setting up bank accounts for my first two LLCs ... the parent company and the child company to hold the properties in. The bank accounts need an a...
Dustin Paschal
Strategic Entity Type and Structure for Diverse Real Estate Portfolio with Tax Focus
I have 5 questions, please read post in full for context before answering and indicate which question(s) you are responding. I have a non-majority share of equity in a few real estate industry LLCs located in multiple...
William Wong
Hard / private money lender
I searched the forums and didn't come across any specific legitimate information on how to become a hard money lender in Canada.
If anyone could point in the right direction would be greatly appreciated.
Winn Vu
Termite issue in my rental
In July in had my rental fumigated and the contract said it's guaranteed for 2 years. Last week my tenant found some black residue by the window and noticed the drywall nearby also cracked. She believed it was termite...
John Faulk Jr
New and need advice quick.
Hey Bigger Pockets family, my name is John Faulk Jr, and I recently joined the Bigger Pockets community again. I don't have enough money to fund my own deals and my credit is bad, I'm actually working on my credit rig...
Brandon Sizemore
Multi-member LLC tax question
I am planning on investing in real estate in the next few months with a partner and we have some questions about forming a LLC. We do plan on seeking out advice from a tax professional but I wanted to post on here fir...
John Burry
capital gain tax
The first question is what percentage of tax do I pay on a home that I flip within 1 yr?what percentage after the 1st year. I believe that the capital gain tax does not apply on a sale after 2 years at the primary...
Edward Farrell
Roach Infestation and other issues with Landlord non-disclosure
Good afternoon BP! I could really use your help here.My name is Ed and I joined as a Pro member this year to push my real estate education into high gear prior to making my first investment purchase. In the meantime...
Lynn Z
rolling 1031 exchanges - holding period
Does replacement property have to be "held" long term or can you improve the property and do another exchange "equal or better" ? Isn't the intent of the law to continue your investment and therefore you are merely ...
Colette Major
Health Insurance COVID
We are starting to rent a single family home in a Co-living situation. Is it legal to require health insurance, in light of COVID 19? We want to increase the likelihood that residents will seek medical treatment and n...