Samuel Baker
Which way to is the best wat to LLC?
i currently purchased a 8 bedroom home with a down stairs in law suite of 2 bedrooms, living room, full bathroom, and kitchen plus a separate entrance. my plan is to vacation rent the in law suite to the summer little...
Julio Gonzalez
Which cost segregation study approach is required by the IRS?
In a previous post, I discussed the difference in each of the most common cost segregation study approaches. You can read about the differences here: Cost Segregation Study Approaches Explained
Let’s first start with...
Javier Pinedo
How to protect your gained cash asset?
I'm starting out wholesaling houses, but one of my concerns is how to protect your earned money. Definitely I understand that everyone needs to pay taxes, but which would be a way to protect the money as much as you c...
Account Closed
A couple of Solo 401K questions
I know many on here are fans of Solo K plans. I cant find too much detailed info online and even my tax guy is not too familiar with them. So let me post my questions here for the experts
1. Does having pass...
Jeremy Bohnett
Loaning or Contributing to your Partnership LLC?
We are a two-member LLC (for real estate buy and hold investing) where each member has 50% ownership. Each member contributed equal amounts upon opening of LLC earlier this year and there have no distributions to date...
Paul Keddell
Is $10K+ in damages after tenants move out excessive?
I just had tenants move out from our property 5 months early due to buying a home. We've had the same tenants since March 2020 and we thought they were pretty solid. My property manager secured the property some time ...
Jeff Silver
The change of insurance with “subject to” transaction
I plan on purchasing a property subject to The existing financing which is a VA loan. My question is around the mechanics of changing the insurance. I’m talking through this… Since the lender will be aware of the titl...
Alexis Herrera
LLC for rental properties
Hello all, I have yet to speak to an accountant (looking a new one) or a lawyer (had one and was not reliable) about this but I wanted to ask. I have a few rental properties that I own. I have LLC's for each one, but ...
Dylan S.
Rehabbing and adding ADUs in OC?
Our company is looking to jump into SFR investments and want to look for properties in the OC area with value-add potential to either rehab or add an ADU/convert a detached structure to an ADU. Ideally, we'd like to ...
Haresh Melwani
Best Low Cost Self-Directed IRA Provider/Custodian
Hello BP family,I am looking for recommendations on best low cost providers/custodians for Self-Directed IRA or Solo 401k or Checkbook IRA. I realize that these might be considered 3 different products and not all pro...