Jon W.
Acquisition line of credit
hello BP, its been a while since I've made a post. Cant imagine what i would do without all the great advice and information from here! thanks everyone! with that saidSo, Im looking to close on my 4th duplex in Octo...
Account Closed
Why did you form an S-corp?
I'm trying to remember why I decided to form an S-corp and I'm having a hard time...... Because payroll taxes are murder...But I do get to claim SEP-IRA contributions as an expense...My personal assets are protected t...
Olga Fomenko
Wyoming LLC with member resident from California
I'm starting an LLC for money lending business. The attorney suggested to open a Wyoming LLC for tax and asset protection. My issue is that a managing member lives in California and the operations manager lives in Flo...
Amol K.
Do I really need my LLC?
I have a few rental properties, all financed via conventional mortgages in my own name, and property titles also in my own name. I also have an LLC.
When I rent out these properties, the rental contract is between th...
Brian Bradley
CA Residents Protect your Assets through State Exemption
If you are a CA resident searching about Asset Protection one option for your, if you qualify, is the Private Retirement Plan (PRP) which provides one of the highest levels of protection for your assets. PRPs are ide...
Adam Slack
Another LLC question... Please don't run.
Reading through some of the discussions, I'm seeing a lot of mixed views on wether or not an LLC is necessary for wholesaling. As I enter the final stages of preparation, my initial plan was to just create an LLC righ...
Justin Marshall
Starting with a business name
how long must you own a property and show it as a self sustaining asset before you can transfer everything into n accredited business name?
Kyle Hipp
Advice on buying a property with my LLC to flip
Hi BP nation.
I am set to purchase a property to flip. I will be getting purchase funds from an investor and will pay for rehab and remodel costs from my personal cash. So it will be a cash purchase. My question is on...
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LLC formed for each property?
Hello;
I received come advice from an accountant saying for each real estate investment I do , form a new LLC for each. toughts? :pup:
Andy Wilson
LLC for asset protection
Hi I learned that forming LLC is important for asset protection for rental properties. I already made LLC for my rental property But my CPA insists to get rid of LLC as it just adds more costs and doesn’t really prote...