I have a rental that I lived in for two years. It has been a rental the last two years and I plan to sell it soon in order to take the capital gains tax exempt. However, I would like to keep it if possible. I have ...
I have the cash to start buying and holding single family and multi-family rentals and am looking to invest in 3-5 properties over this next year. I want to invest in different areas in the US depending on where I ca...
Hi everyone.
I just closed on a single family home that I’m planning to flip.I have financed it using a conventional mortgage under my name, and I would like to transfer the title to my LLC, so I can manage the renov...
I've browsed through the forums and wasn't able to find anything on this, but I'm sure other people have this same question. I own 6 properties all financed with conventional 30 year mortgages. I'm considering ad...
Hello everyone! Nice to meet you all and introduce myself. I am currently doing an engineering PhD at Gatech, Atlanta. Seems like there are mainly business people here in the forum...so please don't view me as an alie...
Hello BP,I'm wondering if any experienced operators out there can shed some light on best practices. My partner and I bought a home in our personal names and operate our guest house as a STR. We created an LLC to oper...
Hello all, I have yet to speak to an accountant (looking a new one) or a lawyer (had one and was not reliable) about this but I wanted to ask. I have a few rental properties that I own. I have LLC's for each one, but ...
I know this is the millionth post about LLCs. I've talked to two investors in California and they said if a property is in an LLC, your heirs (my kids) would lose the step up basis. For example: if I bought a house in...
I have two properties in Indiana that I want protected by a business entity. I live in Virginia so this is out of state. I've spoken with two attorneys to put these properties into an LLC, but they are charging around...