I'm just starting out, so I haven't setup my company structure yet. I've read a few people that suggest just putting the properties in your name and then maximizing insurance. I would like to have more protection unde...
Hello BP!Looking to connect with Drop & Swap expert - Real Estate attorney and/or CPA Looking to combine Drop & Swap, 1031, and TIC purchase.30,000 feet view--Ki and Daniel each owned their rental properties i...
Hi,
I started an LLC and currently I am also employed. I use car for my personal use and would like to use for business as well. Any ideas to separate expenses so that I can legally use the car for personal as well a...
If you have 3 investment properties in personal names, how can you later sell each and buy another in order to qualify for 1031? They can mix up.If you buy each in different LLC names, easier for 1031 tax purposes. ...
Hi guys looking to get some general advice on my situation. I own 12 properties in cash in LLCs (disregarded entity so I file taxes in my own name not the LLCs) but am a foreigner so have only found 2 banks that can ...
I'm really inspired by Pace Morby's eloquent talks on creative financing. In particular, the sub-to strategy is fascinating. It got me wondering if there was a sound strategy for handling a shared title and mortgage i...
Hi,I have accumulated several single family houses in Indianapolis and was thinking about refinance and move them from my name to LLC. Assuming I was about the do a cash-out refinance using a portfolio loan, the fund ...
Hello, I'm an out of state investor who lives in CA and invests in MI. My current entity structure is that I have a WY LLC as my Mother company and a MI LLC as my real estate holding holding company in MI. However I h...
Hi BP,Help!!! My tax person is saying I need to file for an extension. We have an LLC and I'm under the impression you file with your 1040 and have until 4/15/15.Does an LLC have to select an S or C Corp when filing ...
In my 1031 exchange I hold title to my relinquished property in my single member LLC but can I purchase my replacement property under my other single member LLC which has a different tax ID?