Hey Everyone,My name is Jake and I'm a 27 year old civil engineer here in sunny San Diego, CA.I moved here from Cincinnati, OH in late 2012 (parents/extended family still live there) for a job opportunity and have man...
Hello,I’m closing on my first deal and have decided to hold off on putting the property under a LLC. Since I wouldn’t have an EIN to create a business checking account, am I allowed to simply open a new personal check...
Hello there everyone, very newbie to this great web site BP and still trying to navigate to it. I have few investment properties here in Ontario but all are single family homes. I am trying to invest in US (single fam...
I currently own 4 duplexes and 1 sfh as a sole proprietor. I’m wondering what the tax implications are if any for adding all under an sCorp. Is it worth it?
Thank you,
Garrett
Newbie question. Forgive me if already posted. I'm looking to start investing but am a bit confused about asset protection via LLC yet using my own funds and credit to purchase a property. My plan is to follow the BRR...
Hey everyone,I wanted to introduce myself a few months ago, but I decided to wait until I had my first deal. I have a very demanding FT job and big passion for RE investment. After many hours of reading, listening, le...
Me and a partner formed an LLC earlier this year. We wanted to start investing in real estate and my partner has a few large assets he wants to protect. We split everything 50/50.
We are closing on our second proper...
I don’t see a clear answer to this on the forums. I keep having bankers say “be careful with reporting losses on your taxes because it could make you unbankable.” What does this mean? How do you make sure that you ...
Recently, I had an initial call with Wealthability (Tom Wheelwright's new company, closely tied to ProVision). After the initial call, I was presented with an option to purchase lifetime access to their My Tax-Free We...
Hi Everyone!I'm new to the BiggerPockets community and very excited to join. I'm currently working for a startup in SF and have been really interested in venturing into real estate investing. I'm looking to learn more...