Eishay Smith
Nevada LLC for California investor with properties outside CA
Hi,
I live in California and have few properties in Texas, planning to invest in other states as well.
I would like to create an LLC for the properties. Creating one in CA is expensive ($800 franchise tax/year) and h...
Nathan Letourneau
LLC filing S-Corp election for taxes
I've operated my business as a straight single member LLC for the last 10+ years. This year (2016) my income was much higher and I figured it might be useful to looking into the S-corp designation with the IRS. Wha...
Kyle Lauriano
Operating an LLC - Can I Finance my Deal Personally?
Dear Lenders, I am looking to run my real estate business under an LLC, am I able to finance my 1st deal through my name, and supply the title, etc. through my LLC? This way I can utilize lower rates (aiming for the B...
Tina Salgado
Furnished or unfurnished Vegas property
Hi. I need some thoughts on whether it is profitable to rent a furnished property (condo), opposed to unfurnished? My condo is located in Northwest Vegas. Would be open to short term rentals if I proceed with a furnis...
Greg P.
Private Lender as Business Entity Considerations
Hi,
My apologies if this has been addressed before. If so, please "point" me in the right direction. Thanks!
What form of business entity do private lenders choose who lend from only their own funds? ...
Andrea E.
Corporate Rental? Getting STR run-around and no long-term options
Hello all,So I bought a duplex uptown (good side of Leonidas area, to be exact) in June 2018. I renovated it and listed one side for long-term rental, but missed the wave of Tulane/Loyola students (I live on the other...
Gregory Tapscott
Seeking a CPA & RE Attorney familiar with Act 20/22
Hello everyone! I am seeking an Attorney & CPA that specializes in Act 20/22, residential real estate holdings in multiple states- Florida is the main state as of now-and best legal formation for the hiding. An S ...
Tiffany H.
Corporate/Event Retreat and Vacation Rentals?
I'm considering purchasing a property that could be used for events and corporate or lifestyle retreats (yoga, relationship coaching, team building, executive getaways, maybe weddings) so it may be a little off the be...
Cordell M.
LLC and Self-Managing
My dad, brother and I have an LLC for buy & holds & manage our own units.My brother is an accountant/CPA, handles the finances.To be a property manager in the state of PA, I'm of the understanding you need to ...
Chad Bailey
Want to Use IRA $ for REI - Who Do I Consult? Tax Att., CPA, CFA?
Hello and thanks in advance for any constructive advice,Long story short, I was laid off last year and cash savings are all but evaporated. I've chosen to fund my first REI with cash from my self-directed IRA. Can a...