Seyi A.
Should I pay for a legal consultation?
Hello BP forums,I've been looking for some advice on the optimal legal entity structure for the real estate business I intend to build over the next 5 years, and I've come across a few firms that charge for a consulta...
Gadiel Escobar
LLC Just formed. Just starting
Hello BP People’s ! I recently formed an LLC and was looking for guided experience on Next steps. I understand no legal advice, but It would be extremely helpful to know how your next steps of action after creating yo...
Justin Morris
Taxes Of Flipping A Single Family Home
Looking for a CPA or accountants advice about the tax implications of fixing and flipping a single family home. When I resell the home do I just pay standard income tax or do I pay capital gains tax as well? Can I ded...
Peter Lim
Trusts, Entities. Tax 2018 questions
Hi BP Family,Just listened to podcast #2, @Karen Rittenhouse. So helpful from W-2 starting out to finding deals, learning the revenue model, and expanding into holding long term rentals for retirement and paying those...
N/A N/A
LLC?
We are relatively new re investors in missouri. We own 5 properties(2 duplex and 3 sfr) Have bought undervalued and fixer uppers, but not flipping. So far just developing our own portfolio. We manage ourselves. Shou...
Chris Masons
silly question for a somewhat seasoned landlord/investor
Hi guys,
I am a bit embarrassed for asking such a simple question and feel like I should know the answer already but I guess if I don't ask I will never know....
I need to do some serious asset/liability protection...
Drew Byrd
Wholesaling through an LLC
I'm looking for answers from either legally qualified individuals or other people who have had first hand experience with this. I live in Mississippi but will be wholesaling in primarily, if not entirely, in Memphis, ...
Himanshu Singh
Tax advantages for STR/Airbnb owners
Hello All, Quick question to see what others are doing for optimizing tax advantages for STR. Background:We got a second/vacation home during the pandemic and now its ready to go online as an STR in the Russian River ...
Account Closed
Should I have an LLC?
I have heard a lot about LLC’s and whether or not investors need them. I have heard a bit about it in BP podcasts, but honestly am not sure if I should be looking into having an LLC since I am just starting out. What ...
Eunice M.
Rental Property owned outright
Hello, Recently signed up on this site and have been learning quite a bit by reading some of the posts. The question I have is regarding a rental property we owned in another state. We recently paid off one of the ren...