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Hi everyone, We are gearing up here in Oregon to re-brand and reestablish our business. I (Johnny) have been operating as a sole prop and carpentry subcontractor for the last few years, but am planning to move into fl...
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So Sheriff Sales... I'm getting more familiar with them but there are still some outstanding questions that I need answered before making any moves. I get that the upset price is the amount the price set by the plaint...
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My main question is, a good friend and I both have our own real estate investments in our name. We have been talking for a few years now about going into partnership and finding these properties together through an in...
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I know there are a myriad of tax advantages when owning real estate under your personal name, such as depreciation, improvements/repairs, operating expenses, travel, and home office usage.
What I would like to know i...
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Hello, curious to ask if I should create an LLC before I purchase a real estate property. I will most likely either buy a house hack, small multifamily, or partner deal with my first purchase. I understand that banks ...
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Do you recommend forming and LLC for each property separately? Is it worth the cost? Also, am I correct if an LLC is registered in a state that has no state income tax I won't have to pay income tax on the rental in...
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Hello BP community,
I currently own two LTRs (one in MS and one in CA), and will hopefully soon own one STR (CA). All of my properties are currently owned directly by me.
I've been advised to hold each property in ...
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I own 3 STRs in South Lake Tahoe CA. My CPA told me I don’t really need an LLC to realize all the tax benefits of owning real estate, but if I was concerned about liability, I could do it for $1000/yr (CA cost) or ju...
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Hi All! What is the easiest way to set up a company that limits liability? There are many different methods and people talk about a lot of different things here. The most common answer is to have a LLC for each house ...
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New to investing and have a question on financing LLC owned properties. My husband and I bought our first property in May. Our plan was to rent it but now it looks like we will be selling it due to an offer we just ca...