Faith Kirk
Goals, Business Plans, and Entities
We recently formed an LLC in a different state than where we do business and live. What is the correct state to file our LLC tax return? Thank you
Zach Wagner
Paying Yourself for Your RE Services
We've been managing our properties for 2 years now and been doing a lot of the work ourselves to save money, such as yard maintenance, cleaning, unit flips, etc. How do you pay yourself? Is this easily possible withou...
Andrew P.
Tax Deduction Question for New Windows
I recently decided to replace many of my windows in one of my multi-unit properties and I went with the contractor's loan company (AquaFinance) to pay for the windows. All in all, I spent 12k on the windows with a 9% ...
Lincoln James
Question about LLC and interstate tax strategy
Can I put multiple properties from different states into one LLC? Or is there a strategy to splitting them up into different LLCs for different states for tax purposes?I will double check this with an accountant, but ...
Marco Trimborn
LLC to buy properties in different states
Hi,
I currently operate a Nevada LLC with a businesspartner whose sole purpose is to buy and hold real estate. So far the LLC only owns land in Nevada, but we are looking into purchasing a single family residential t...
Adrian Rish
Asset Protection for California Resident w/ Non-CA Property
Hello BP Real Estate Attorneys, Tax Professionals, Attorneys,
What is the best "tax-optimized" asset protection strategy for a California resident who owns several rental properties in Ohio, Florida and Georgia (and ...
Laurence K.
Grantor Trust (Australian)
I have an Ohio LLC (single member-disregarded entity) that is 100% owned by a Wyoming LLC (single member - disregarded entity) that is 100% owned by an Australian Discretionary Trust.I am of the understanding that the...
Brendon Grover
Should an LLC be used to purchase first MFH
I have been wondering if it would be a good idea to purchase my first multi family property under an LLC, due to the requirements of the 1031 Exchange of having to buy your next property under the same name. My goal ...
Adam Kozuch
My Lawn Needs Help
Hey Milwaukee BP,I have a unique problem I haven't seen on here yet. My lawn sucks. When I purchased my four plex it was mid/late year and I didn't quite have the time/$$ to fix up the lawn before winter.Fast forward ...
Thomas Cook
Lease from LLC to LLC (I own both)
BP,
I recently bought a house zoned C2 in Lynchburg, VA for the purposes of running my property management business. I've put the house in an a partitioned LLC. I need to write a lease for my business LLC to rent...