Elisha Lowe
Let Your CPA Do The Worrying - LLCs
For starters, I am still in the process of researching and developing my business. I've read some articles on LLCs and have decided to form one in the near future. I have not sat down with a CPA and I plan to soon. I ...
Tilmon Smith
Can I use a regular 401k to purchase real estate?
Hello Everyone,I recently joined the site and saw a lot of great discussion regarding cashing out a 401k plan versus a self directed IRA and a solo 401k plan to purchase properties. I prefer the solo 401k because of ...
Jaden Lowe
Roth IRA - Transfer
Has anybody transferred from a traditional IRA firm (Edward Jones, etc) to an reputable Investing IRA, where they will let you invest in rental properties, not just a primary residence? I’m looking to transfer my enti...
Maneesh Joshi
creating LLC for rental properties
Hello,I live in New York and I am looking to start buying rental properties in the Philly area. I am fairly new to all of this and I am trying to wrap my head around what the advantage/disadvantages of creating and ...
Eric Carlstrom
Unable to transfer properties into an LLC?
Hi all,I recently spoke with my attorney who said, very confidently, that I should have the ownership of my rental properties in my LLC, versus owning them in my name. My attorney has been doing this for 30+ years and...
Marcus Auerbach
Title transfer into LLC destroys asset protection?
Mike Butler's book Landlording on Autopilot is a great read and I really like his hands on approach and school of hard knocks education. I just glanced it over again today to brush up on how to denie a rental applicat...
Kristie Buddenbaum
Capital gains exclusion for primary lost when transferring to LLC?
My husband and I own two SFH in western Kentucky; one is a rental that we’ve been working on, the other is our primary. We’re planning on moving out of state by the end of the year. We’re looking at setting up a KY ...
Ganesh Rao
I have an LLC. Now what?
So the wife and I decided to start an LLC for purposes of shielding our identities (although I know it's not perfect) and limiting potential legal action. My question is the properties that we own are in our names. D...
Melissa Smith
Hard Money to FHA primary - issue with State of TX
Hi there,
I have a hard-money loan in Texas under my LLC. The intent was to convert this loan to an FHA and use this property as my primary residence once rehabs complete. I don't qualify for conventional due to a ...
Matthew Branton
Investing in Canada Multi-Family - Tax Implications and Strategies
Hi everyone, I'm an American looking at some property in BC, but I'm having a little trouble getting a handle on the tax implications. I have gotten as far as figuring out the 25% standard withholding tax, and filing ...