ThomasRoy Penland
Multi state investment properties, file taxes in resident state
Hello, I have been involved with RE for a good while now but was contemplating having a Tax group help out with my taxes. I have done them myself for over 20 years and have properties in multiple states. I have always...
Sven C.
State income tax for private lending out-of-state?
I'm doing private lending to an out-of-state rehabber/flipper that I've gotten acquainted with. I understand there are lots of issues to consider and I don't want advice on all of the issues on this post. I just want ...
Jazmine Kravitz
In State or Out of State Investing to Start
My husband and I currently reside in California have been actively analyzing the Indiana market to purchase our first investment property/ property in general.I wanted more options on the decisions below before we att...
Christopher Lee
Out-of-state LLC with Out-of-state Partner
Hello all,Hope I'm not putting the cart before the horse but my partner and I want to split our first deal and many more 50/50. He lives in New Jersey, I live in South Florida and neither of us want to invest in our o...
James LePage
In State New York Investing vs. Out Of State
Hi BP!My name is James LePage, and I'm looking to begin investing in Upstate NY (Rochester or Syracuse) Student rentals in 2020-2021. I'm beginning college (at Syracuse University) this fall, and my family is moving t...
Sean Sweeney
State income tax for properties located in another state
Hi guys,We recently purchased a portfolio of triple net lease properties throughout Nevada. I live in California. The property is held in an LLC. Nevada does not have income tax but California's state income tax is cl...
Tyler Kaady
Buying Out of State vs. Building Out of State
Living in Portland makes me want to branch out into other regions of the country, perhaps where I have family and/or friends. I would love to have at least a fourplex (preferably larger), and I’ve been wondering what ...
Mike Campion
Mailing In State vs. Out of State Absentee Owners
Might be a dumb question and/ or answered somewhere else in this sea of great information, but it seems that the BP consensus is that out of state absentee owners are preferred over in state absentee owners. I get tha...
Joshua C.
Direct Deposit account, in state or out of state?
Hi there,I'm going to be getting into being a landlord and purchasing rental properties. I was wondering if there is a strategy to opening up a checking account in your home state or in the state in which you will be ...
Brian Armstrong
LLC in which state for out of state investor
For tax purposes, is it better to open an LLC in the state I’m investing in (Florida) or the state I live in (California)? I’m finding some lenders want an LLC to lend to. Is there any benefit to my liability to have ...