What is an asset protection trust? Who needs them? Where do you set them up? Lets jump into this.
Lets start with the need for asset protection and why asset protection works. Asset Protection works by removing the ...
Hi Folks, My business partner and I now have 3 rental properties in both of our names. We have read on numerous occasions that the best thing to do is form an LLC together and transfer the properties into it to mitiga...
Good day all,
i have found a property that is for sale and the owner wants out of it. It is approximately 5 yo and consists of a few duplexes for sale on one side of the block and he owns a few more on the other si...
Hi all, here some background to help setup my question. I'm focused on buy and hold at the moment to build cash flow. I work a full time job and manage 6 units myself. Originally my goal was to buy 1 property every...
Hey BP,
Could someone give me a run down of how 1031 exchanges work? I understand that the benefit is you do not have to pay capital gains tax, but how does it work exactly? Any feedback would be great.
Thanks,
Tom
Hello Again Everyone,I am still slowly saving money for my out of state (OOS) investment property. In the meantime my gears have been grinding on how I can speed up this process, short of, selling some (cough, cough) ...
Some simple DIY investing hacks could save you thousands of dollars. But, as a rookie, the thought of tackling your own home renovation projects might be a little intimidating. Bringing sweat equity to a deal, however...
Hello All. I am new to the forum. Looking for guidance in relation to the sale of my rental property. I became an accidental landlord 3 years ago. I went to work for a company 3.5 years ago and bought a new constructi...
I am just starting out and part oif my plan is to form a corporation. It will consist of me and my wife. What is the difference between a LLC, SCorp and CCorp? Is it just the taxes paid and structure of the corporatio...
My wife will be inheriting a 50% ownership (her sister the other half) of about 60 out-of-state rental units in the very near future. We all want to keep the properties and continue running the business and so I'm try...