Trent Mettenbrink
My accountant says I need a separate LLC for every rental property...
We are new investors and are looking to set things up the right way. Our plan is the buy one or two properties a year. After talking to our accountant he recommended that each property by under its own LLC to protec...
Steve Christensen
Entity Set Up and Taxation Questions
I am sure this question has been asked numerous times on here, and I have read many forum posts. However, it seems like many of the answers come down to "what are you personally trying to do / what are your goals?" So...
Maria Vogel
Trust
Do you all have a Trust that owns your rental properties? I have an LLC-but have not switched the homes into the name of the LLC. I feel lost on how to do this. I have called a lawyer wanted to charge me $1200 and wou...
Wes Brumit
Wholesale legality
I am in Texas and have firm confidence wholesaling is legal. However, when talking with a Real Estate agent friend, they weren't so sure. She thought it wasn't and couldn't wrap her head around the idea.
My f...
Trevor Ray
New Investor Intro
Hi, all great people. I just came across BiggerPockets and it's full of great content and resources. I recently bought a duplex in Cleveland and am looking for a property manager.
Justin C.
Hello from a new investor in Dallas!
Hello Dallas forum members!Having been a long-time reader but first-time poster, I'm writing to introduce myself: I'm Justin, and I live in the medical district area of Dallas near Uptown. I came across BiggerPockets...
Lisa Johnson
LLC
Hi everyone, I really need some direction.Long story short: My investor and I went to his real estate attorney to set up our LLC. He reserved the name and drafted the documents but we did not sign them. Reason: My...
Scott Smith
One weird legal trick to protect your assets better than an LLC
When protecting your assets, build a castle not a fence. You’ve made the effort to make your money, now keep it. You’ve built a fence to protect your assets by using an LLC, now learn how using the awesome power of Ir...
Ben Gonzalez
Dealer Status and Installment Sales
My understanding of Dealer Status is that if you are flipping on terms (in my case: buy on terms, fix -or not-, then sell on terms) then you lose the ability to be taxed as an installment sale where your gain is sprea...
Kristen Dolotina
Investing in Maui and lining up the team
Happy New Year!I'm months away on a path to purchasing a condo in Maui, saving up for the down and paying down debt. While I do this, I am also looking for a reliable, well connected Property Management team that wil...