Johnny Yeung
Where to hire a lawyer?
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...
David Florist
Landlord living with tenants - should there be a lease?
I just purchased my first property and am going to have tenants living with me for my first year or so. I want to make sure I have all my legal ducks lined up when it's time for them to move in. I have a few questions...
Steeve Breton
New IRS Regulations on IRAs
Just received a newsletter from my estate planning firm with the following info. First time I hear of this. If true, this has substantial impact on how we work with our IRAs and something to consider when nudging...
David Lee
Possible to add co-borrower to 1031?
Hi,My parents own a rental property that is paid off and they are thinking of selling it. However, I'm not sure if 1031 is possible or better.Option 1: they lived there as primary residence for 9 years, then rented it...
Sumit Sehgal
Best route for LLC creation
Hey guys,
For anyone who has used an asset protection company to draft their business (LLC, trusts etc):
1) Any recommendations for asset protection companies that you have personally worked with?
2) What is a ball...
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Getting started at 16
Hey guys. I've been reading up and doing tons of research on RE, and I want to know whether you guys have any advice on things that I should do differently since I'm 16.
I live in GA and and I'm not sure about the r...
Johann Jells
Tax structure alternatives to form "E" for tuition aid purposes?
There was a short thread on this, but it was locked. We have 13 units (including our own) in 3 properties, and file schedule E. I actively manage and maintain these properties. From my reading, I need to form a more ...
Thomas Chen
1031 exchange and partner with a family member as TIC.
We are selling our rental property and plan to use the entire proceed to purchase another property through 1031 exchange. Our idea is to partner with our son and secure a loan to purchase a residence in which his fam...
Timothy Lewis
CPA vs. RE Accountant vs. RE Attorney for Tax Planning???
Hello BP World!When it comes to handling Real Estate tax, I consistently hear 3 different titles of tax professionals/specialists thrown around: RE Accountants, CPAs that specialize in RE, and RE Attorneys. I'm lookin...
Brett Mason
Selling all of my rentals
Hello every one! I just wanted to see what you all thought about selling all of the rental properties that you guys own. For example, says I had 15 or so properties and payed them all off in 30 years. They are all cas...