Quick questions to experienced flippers:1. Does one have to register an LLC here in CA for a flip in San Diego, CA?2. If yes, does one have to pay the 850 franchise taxes for a flip on a property that is held for less...

I've heard differing ways on reporting flipped home sales. The LLC flipped 2 homes in < 1 yr and 2 homes > year. Partnership is dissolving. Do you record sale using 1065 form 4797 capital gains/ losses, show p...

I have been part of a general partnership for several years that owns one piece of property. On Dec 31, 2007 I bought out my partner so now I am no longer a partnership. What is the process for changing my basis on th...

I bought a commercial property in 2015 under my company name which I do import & export & under 1031 exchange. Now I closed the import & export business & I want to quit claim the property to under a n...

So curious if anyone else has experienced this and how the dealt with it.

Myself and 2 friends created an LLC to pool our $$ to invest in an apartment complex. The General Partners of the larger investment are clos...

I tend to think of a partnership like a marriage, and as such, any partnership decision is based upon potentially being tied to that partner. What about you?

What do you look for in a partner? Are there any perso...

My partner and I bought a property cash under an LLC with the idea to BRRRR it. We fixed it up and rented it for more than 6 months now but realized that LLC interest rates are very high. So I'm looking at a couple of...

Hi All,

I’m planning on switching from a California-based LLC to a Wyoming-based LLC for my California rental property. Let me explain..

Currently I own a property in California which is owned by a California-...

Hi Everyone – I’ve recently entered into a land trust with two partners to purchase and flip an SFR.  Since the closing, two of us have decided to keep the property and buy out the third partner.  Now that we plan to ...

My cousin and I are inheriting land purchased in an llc. The members of the llc are my father and aunt. There are three lots and they want to divide it up and dissolve the llc.My father owns a greater equity of the lo...