I recently moved one of my rental properties into an LLC to protect my personal assets. When I filed my taxes, my tax agent said that I must file a 1040C for the LLC and that the 1040C does not protect my personal as...
Looking for recommendation for Self Directed IRA with checkbook control custodian. Prefer lower fees and few hurdles. Thanks all!
I am a GC and a home inspector, we own a construction company. We are just about to purchase our first flip, we are currently renovating our primary as a long term property. I have received different advise on forming...
I have a number of rental properties mostly single family/duplex. I typically charge one months rent for a security deposit. Recently I charged two months because the person was self employed and verifying the incom...
I would like to learn more about the use of an IRA for the purchase of buy and hold properties. Are these properties held in an LLC that your own or in your personal name? Can you use these funds for any property, whe...
Hi All.We have decided to explore an LLC for liability reasons for some house flipping. We are trying to see if there are tax benefits and liability benefits to an LLC vs. and S Corp. We have steady income (W2), this ...
Hello, all. I'm new to the forum and looking for feedback on using my 401k to start flipping and buying rentals. I've been a licensed broker for 13 years and I've only purchased and sold one investment. Thanks for ...
Hey BP fam! I am looking to sign up for services from Anderson Business Advisors and I’m looking for some feedback from any of you who have used or currently use them. What’s been your experience? Thanks for your help!
I am new to real estate. I have been tasked with removing a family member from a joint Tennant coronership. who fills out an affidavit of death and a preliminary change of ownership. Is there anything else i need to ...
I have a historical commercial building under contract on the downtown square of my hometown in Texas. It needs significant rehab, but I feel like I'm buying it right and it's in the path of growth. I'd like to buy ...