Andrew C.
Accounting structure with holding/parent & child LLCs?
Hello. Is there a generally accepted best-practice for handling the accounting for this?
Say I have a holding/parent LLC, which is the single-owner of a few sub-LLCs, each of which owns several properties from the st...
Jonathan Cole
Help with purchasing parents home, need financing suggestions
My parents currently owe $80k on their SFH, my fiance and I were wanting to purchase the home from them. The house is in need of repairs so we were going to apply for a Homestyle Renovation loan such as; Fannie Mae, 2...
Donna Williams
California resident with WY parent CA sub LLCs
Fine with paying normal CA operating taxes and reg as long as it's once per year not two hits. No active business in WY. It's exclusively for holding purposes for anonymity. If I use this structure will I pay $800 fee...
Dan Bardar
Parent death and house in name of estate
My dad passed away, but apparently when he refinanced the mortgage, only he was on the loan. Now my mom is living there, and she is making the payments of the remaining balance on mortgage. When the bill comes it's in...
Kaitlyn Askey
Managing Properties for Parents, LLC or No LLC?
My parents own 5 rental properties and are tired of dealing with them and want to travel. Originally, I was going to purchase the properties from them and continue renting them out. However, after speaking with a CPA,...
A P.
Medium Term Renting Parents’s property using our LLC
Hello, I have been searching everywhere for a this topic and somehow can’t seem to find a clear answer. Hoping someone can help.
My husband and I started an LLC to host medium term rentals and/or purchase investment ...
Benjamin Schneider
Parents want to "give" house/mortgage to daughter
First time poster, recent member and was wondering if the fantastic BP community could lend a hand. My wife and I have come into a relatively unusual real estate situation. Her parents own a home in Las Vegas, NV (a...
Keith Leckey
Johnstown, PA rental properties shared contractor trial program
Hey fellow Johnstown, PA investors. Our local landlord association is discussing setting up a trial program to utilize a shared contractor. We are looking to do this through the landlord association primarily for it...
Simond Wong
Tax Impact to Transfer Parents houses to me
BP Fam,Please seeking some guidance on managing tax impacts to me, to transfer my parents homes to me as the owner. All the homes are paid off. I am based in Pennsylvania. I assume They should be able to gift all of ...
Simond Wong
Tax Impact: Transfer Parent's homes to Me, Please :)
BP Fam,
Please seeking some guidance on managing tax impacts to me, to transfer my parents homes to me as the owner. All the homes are paid off. I am based in Pennsylvania.
I assume They should be able to gift all...