Soumya Brijesh
1031 exchange transfer from an existing LLC to new LLC
Hey Guys, Question :- I have a property in Ohio under a Sole Member LLC that I am selling and doing a 1031 on another property in Texas. Can I setup a similar Sole Member LLC in Texas(with a different name) and buy t...
Susan O.
Sold 1031 property in Sole Proprietor self Name - Buy in LLC name
I have a property I sold and doing a 1031 exchange and about to purchase my upleg.
When I close on the upleg property can I change title to an LLC that i'm 100% owner?So is it possible if I sold and the property was ...
Joshua Davidson
Payroll question in regard to Disregarded Entity owned by S-Corp Holdco
I am looking to setup payroll for myself out of my company, call it LLC #1, and LLC #1 is owned by Parent LLC which I am looking into doing an S-Corp Election for. What I am unsure about is if the whole 60-40 rule aro...
Ben Feder
Should I form a different LLC for each property I invest in?
I will be investing in apartment buildings. I think while reading a real estate book a few years back, I learned that you should possibly setup an LLC for each property that you invest in, to keep properties separate ...
Salim Bhuiyan
1065 or 1040 Schd E for Trust-based LLC
Hi, If I have a single member LLC where the member/manager is a Trust and Me and my wife are the Grantors/Trustee of the Trust with beneficiary as the Living Trust. In this case can the LLC be considered as disregarde...
Colleen Carnahan
Upcoming sale/transfer of a property
Hello,My husband and I are looking into selling of our first rental property. We bought it in 2010 as a primary residence (so under our personal name), and later converted it to a rental (still under our personal name...
Aaron Dermon
New to BP, w/ 4 SFH rentals, interested in LLCs and 1031
Greetings all,My wife and I have four rentals in four different states and after I cam across a BP podcast last month, we have been considering our options to finally get serious about our investments. However, we ne...
Alicia Yoder
Elected to be S Corp and now don’t want it
Hey guys,I have a dog walking company and was improperly told to elect S Corp status. I don’t make enough in the company for that to be advantageous so I would like to cancel it but not dissolve the company completely...
Whit B.
1031 - Transfer Title to LLC - Timing?
I’ve searched the forums but can’t find an answer. I’m hoping a season investor or CPA can chime in.I currently hold title in my own name and have a mortgage in my own name. I’d like to sell my property in a 1031 exch...
Shawn H.
SMLLC Tax election with CPA
I created a Single member LLC at the end of last year. I called my CPA to ask about any consequences transferring from husband/wife to SMLLC (myself as the sole member). He mentioned that I would have to choose partne...