Brian Ellis
Trust Vs LLC & S-Corp
Ive been trying to research the pros and cons of each. It is really confusing.I spoke with my lawyer, and he suggests putting my rental property into a trust.My goal is to buy and hold very long term (sell when it mak...
Gabriel Combs
CPAs: How Important Is It To Form LLC for First Property
Closing on my first property on Friday & if there are any CPAs or Investors that could tell me all the benefits of having an LLC and if I should get one for my first property over just an Umbrella policy? Thanks i...
Alexander Thomas
Redemption and preservation costs
Greetings everyone, I am a new tax lien investor in Alabama. I recently purchased a portfolio of tax deed properties prior to 2018. One of the properties has a lienholder looking to redeem. This property has had exten...
Michael Mignogno
Avoiding Transfer Tax
To all the lawyers and accountants or really just anyone who has managed to successfully do this, is there any way to switch a property to an LLC without paying transfer tax? I am the sole owner of the property as we...
Nick B.
Two company LLC structure as asset protection strategy
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...
Gilroy Buller
Wanted to created a LLC and was told by a Lawyer that I was not able to.
Hello BP Nation, I have a situation. I was trying to create a LLC and was told by a Legal Shield Lawyer that I am not able to create a LLC in Real Estate Investing if I don't have a license. Is the true? I live in...
Marcus Holloway
Tax Liens --- Worst case scenarios
I purchased my 1st tax lien (Lake County, IN) in last year's tax sale. Though, I've hired a lawyer to comply with the deadlines and notifications within the 1 year redemption period; I waited almost until a week befo...
Rocky Verteramo
fix and flip taxes
Hi guys! So, I am new to the real estate business. I was getting excited about the whole fix and flip aspect but with taxes and confusion of it I'm not sure I am ready without a little advice. I will be meeting with m...
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...
Dowan Allen
Real estate corporation Canada
Recently spoke with a lawyer. Starting a basic holding corporation documents is about $500. Any know how much the accounting cost is for beginning real estate corporation acquiring2 properties this year??