I just want to know if someone can explain to me the importance of creating the LLC so that I can fully understand the concept. For example, why can’t a wholesaler or houseflipper get paid without the LLC? And what is...
Hi All,Quick questions about starting out and starting those wonderful LLC's!Want to start an LLC for asset protection as well as marketing for my future real estate investing. With the end of the year approaching, i...
I listened to a BP pod cast last month and someone said if your business is to flip homes, you do not need to pay capital gains tax for less than 12 months. I mentioned this to my CPA and they were not aware of any s...
What is the best LLC structure type for a single-family rental home in Denver? Additionally, what are the best avenues to go about filing for this?
Hello Everyone!I am relatively new to the world of real estate investing, but I do own one single family rental property and I am in the market for a multi-family rental property. I would like to consult with a reputa...
I stumbled upon a lawyer's website while searching for LLC information and this article piqued my interest: http://www.lonestarlandlaw.com/Anonymity.htmlIt describes a two LLC's structure designed for asset protection...
Was looking for ways to value your buy and hold real estate business if you were lets say pitching it to investors or even if you were to sell it. Obviously the go to answer is... how much do you think your properties...
Hi everyone, I am currently taking a Tax Analysis class at my university and I came across Section 179 in the tax code. Based on the discussion in class, it seems that as a business owner you can elect to immediately ...
Long time lurker, new pro member just about ready to make the leap.I'm wondering if/when I should invest through an LLCI keep reading 'When you're just starting out and don't have assets to protect...' Where would you...
Hi all, My husband/business partner and I own 3 rental properties in NC. We're getting ready to invest in another property and wanted to know if we should consider setting up an LLC now. Some places have said to set u...