Lam Le
How to transfer an LLC to a revocable living trust
My wife and I own a rental property, under an LLC with both of us are 2 members. I want to create a living trust to avoid probate and also want my sons to continue the business after we passed. How can I transfer the ...
Andrew Thomas Sherman
Looking for a Bank in Los Angeles, California
Hello, fellow BP'ers! I'm new to real estate investing and I've just finalized my LLC here in California. I'm looking to open a bank account for the business and will likely choose a local bank or credit union. I'v...
Shravan Hemchand
Cost Segregation on new construction - STR
Hello, I hope you are doing well. I need to perform a cost seg study on my short term rental which was newly constructed during 2023. This is for my 2023 tax return, and I have filed an extension. I am looking for ins...
Jefferson Smith
Advice on partnering -- a deal with friends (fun fact pattern)
A few friends have talked with me about going in on real estate deals together. Each of us have done real estate investing before, but not a ton of it. We're all "post-newbies" (3+ deals each, never together). Each is...
Justin Roberts
Why Panama?
Panama is one of the hottest real estate markets in the world! It has been ranked the number one place to retire in the world for the past 6 years by international living. It offers great and cheap medical, high end...
Adam Schumacher
Buying a fourplex
Hello everyone, I am just starting out.What are the key benefits of buying a fourplex as your first rental property over any other type of property?Thanks in advance.
Dan Lucchesi
Cost Segregation - A Red Flag For the IRS??
I have been investigating having cost segregation studies done to two STR investments I own. I'm getting some pushback from my CPA of several years. He is a former IRS auditor, before going out on his own. He is defin...
Vadim Sedletsky
LLC Question - Where should one open an LLC
Hi BP professionals,
My question for today is where should one open an LLC - is there a difference? benefits opening in a specific place vs other places?
I own a couple of duplexes around, but all of them are regi...
Nick McCandless
Passive Crowdfunding Real Estate Investing
I have looked into many passive Real Estate investment tools like REITs, eREITs, etc. with companies like Fundrise, RealtyMogul, etc. but am finding a few major problems with them:I have a few questions regarding inve...
Lois S.
Are umbrella policies really necessary?
A friend who is an extremely successful RE investor tells us that umbrella policies aren't necessary, based on his experience. Advises if you want more liability coverage, just add it to the LL insurance policy. A mi...