Jonathan Biskie
Just Getting Started - How Do I Go About Forming an LLC
I am just getting started in my real estate investing career. I have read a couple of books and numerous articles and blogs. I have found a lot of very helpful advice, but have not found much on the topic of forming...
Patrick J.
What is the use of llc holding companies?
What's the use of a holding company for rental properties? Is it suppouse to reduce taxes? Reduce liability? Reduce management headache of "needing" multiple bank accounts?
Aaron Gordy
The future of Austin metro without Chapter 313 tax incentives..
It will expire at the end of next year and was not renewed by Texas State Legislature, recently. In a nutshell, Chapter 313 allows a school district to offer a cap of up to 10 years-between 10 and 100 million of the t...
Sendhil Krishnan
Can I 1031 from a syndicated land deal?
A group of investors including myself purchased land in the Midwest which has been developed for sale to be bought by builders. My question is I want to be able to 1031 exchange my proceeds from this development proje...
Joshua Springer
Any legal/financial reason to have mortgage under LLC
My first rental I put under an LLC with a partner, my second was conventional with my wife, the next one i'm working on with my LLC partner should be moving forward soon. I originally had anticipated putting the loan...
John Meyers
Urban Short-Term Rentals Niche
My business partner and I are creating a real estate investment firm. -- Our niche will be acquiring Chicago properties to convert to short-term rentals.
We will acquire the properties under our LLC and keep them re...
Rayhill Haruzi
Bidens Administration and Real estate Investing
The Biden tax plan would: (1) eliminate the $25,000 exemption from the passive loss rules for rental real estate losses incurred by middle-income individuals, (2) eliminate Section 1031 like-kind exchanges that allow ...
Shane Duncan
Will using income to pay downpayment from HELOC pierce the LLC corporate veil?
I am closing on a multi-family soon and the mortgage will be in the LLC's name. All income and expenses will be handled by the LLC. The problem is that I am using a HELOC to assist with the downpayment for the loan. I...
Gwendolyn Barnes
Quit Claim Deed
Hello BP,I have an opportunity to acquire a property from a family member and was wondering if anyone has ever used a Quit Claim Deed to acquire a property? I'm starting my buy and hold business in August and was wond...
Account Closed
Raising Taxes
Coming soon to a state near you:
We are about to have a vote for the state of Oregon to raise the taxes on businesses. I suspect it will pass, because the TV is full of ads about making "the wealthy pay their fair sh...