AJ Wong
Greatest generational transfer of wealth is well underway...
Howdy BP,
I'm just beginning to contribute to community forums, but I have previously written about recent successes with the utilization of seller carried financing. In my previous post I highlighted that the proper...
Peter Sik
Open Agent or exclusive agent
Asked 2 agents, they said you have to have exclusive listing agent, and there is no such open agent. According to what I found:"What does open Agent mean?When the listing is open, the agent who makes the sale is paid ...
Mary B.
Adverse Possession
Hello BP,I was reading over some info and came across this link regarding adverse possession. http://www.nolo.com/legal-encyclopedia/state-state...Most states have a decade or more timeframe. However there are a few s...
Tony Reynolds
Defer Capital Gains without 1031 exchange?
I am closing escrow next week on the sale of a rental property that I have owned for several years: can I avoid capital gains by reinvesting locally (Ca.) or did I blow it by not going 1031?
Christina Oka
LLC and tax accountant when starting
Some experience / guidance needed! We hope to buy our first property this year out of state (looking at a couple different states). Should we wait until we get a property to get an LLC because we don’t know where yet...
Luke McFetridge
Owner Carry and tax advantages
I found a small commercial building where the owner is wlling to sell and carry the note back on the building. Seems advantageous for me so I can avoid bank hassle and small out of pocket. Questions:1. What pitfalls...
Mickayla Fatovic
How I did over 220 transaction sides in 1 year.
Once upon a time, I ventured into the realm of real estate with boundless enthusiasm and unwavering determination. In the beginning, it seemed like the stars had aligned in my favor. With over six transactions under m...
Ashwini Venkatesan
Create LLC or not for out of state investment
Hi. We live in CA and want to buy a property out of state. Potential seller (experienced real estate investor) recommended we create an LLC and buy the property. I am not sure I understand all the tax / fees associat...
Michael Shepherd
LLC collecting rent - For an out of state investor
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...
Alex U.
Umbrella Insurance vs Wyoming Holding company holding California LLC
For your buy and hold properties, to my knowledge there are 2 predominant strategies.1. Keep properties in your name or in a trust, get $1M worth of liability insurance for a few hundred dollars and rent out the units...