My current rentals are all in my personal name with conventional loans. As I grow (looking to buy #4), I'm exploring buying in an LLC with a DSCR loan. What I don't understand is how should I think about the tax benef...
I have spent a fair amount of time recently trying to figure out which state makes the most sense to form an LLC. People say great things about DE, WY, and NV. Mainly in regards to purported tax or privacy advantages....
Hello, I am a resident of California. I am planning to buy an investment property in Texas. Can I form LLC in California and use it Texas to own a property? Or must I have a Texas based LLC. What difference will it ma...
Hello BP family!
I have a question regarding getting my taxes filed for my LLC. My team just formed the LLC and opened a business account in the middle of December last year 2020. We have not had any cashflow or pos...
Hey all,Myself and 2 other partners had a great 2015 starting our rental property business! We have 5 properties all purchased in 2015. 4 Condos- 3 purchased in all 3 of our personal names, 1 purchased in a LLC with ...
I just bought a house and turned it into a rental. I created an LLC for this property. My biggest confusion with real estate is knowing what documents I need to file and being organized with my property. I feel like ...
Hi guys,
I wanted to ask you if you have had any experience like that:
I have sold a property that was in an LLC. (one member LLC, I was filing the rental income from that rental on my personal taxes/managing it m...
I believe I've seen people here mention that they use an S-Corp to flip. I asked my accountant and he said there was no tax advantage to this (vs. an LLC). So I was wondering what the rationale was for the S-Corp.
So i currently have 3 rental properties in my name only. I am ion the process of acquiring 3 more.I also plan on expanding as often as the opportunities come about. I am considering starting an LLC for the rental prop...
I just recently purchased a duplex in York County Maine. I wanted to open an LLC in Maine, and am considering one in Wyoming. I am looking to purchase further properties in the area over the next several years. It a...