Kelly Moniz
Question on like for like investing to avoid capital gains.
I am considering selling a rental i have had for 5 years now. I would like to take the money and invest it into setting up two mobile homes on some land i have in the same area. It would cost roughly half of the sale ...
Nick Murray
Real Estate Syndication
Hey all,
I have an LLC and I was taking over a healthy sized real estate syndicate (Realty Shares) holding. I have the forms to fill out, so it becomes under my ownership but my debate is between doing it under my p...
Account Closed
What do you consider a "Cosmetic" fix and what do you not?
I've been listening to the BP Podcast since 2014 but, due to a serious of detours, I'm just now getting started this year at age 36 after reading Rich Dad Poor Dad. It really set a fire under my A**! I set a goal of ...
Geremy Rosenberg
First time REI and feeling my way to taking action
Hi All, I have been interested in REI for a number of years, but always let hurdles (primarily not enough money) keep me from really starting my journey. I have a young daughter and a growing family and my priorities...
Claus Goritschnig
HELP! How to set up a real estate acquisitions company correctly"
I thought making my first post on BiggerPockets, about the struggle and understanding how to correctly set up, structure and arrange the proper business entity necessary to undertake real estate wholesaling transactio...
Isaiah Cortez
Need Advice on LLC Setup & Tax Strategy for Real Estate Investments
Hi everyone,
I'm looking for guidance on setting up my LLCs to be as tax-efficient as possible as I prepare for my first multifamily property purchase. I’m a high-income earner and just received a substantial tax bil...
Doug French
How much cash do you keep on hand?
How much cash do you keep on hand per property? I am involved with a risky family business, and consider my side REI as less risky...so I tend to be more conservative with my rentals. have kept a small reserve for rai...
Anthony Shui
Bought my first house / primary residence. Advice for managing househack expenses?
Hey folks! New here, just bought a 4 bed 2 bath as my primary residence that I'm currently remodeling into a 5 bed 3 bath before having some tenants moving in with me.Current thoughts:1. Black Friday / Cyber Monday de...
Eric Rich
Different credit accounts under LLC Series.
I'm considering setting up my LLCs in Series and one thing I'm interested in doing is getting separate credit cards for each additional series. Can I do that or do I need everything under the parent LLC? Thank you!
Bruce M.
Self Directed IRA Solo 401K - I know this has been beat to death
I know this subject has been beat to death in the forums, but can someone in simple layman terms tell me how I can set up one of these?
I have both solo 401K and SEP-IRA retirement accounts. I have been an employe...