Caren Klein
Opening an online investment account with my checkbook sdira
I’m looking to open an online account with vanguard, TD Ameritrade, E*Trade, or maybe even the Robinhood ap with my checkbook sdira to buy REITS. I believe that I have to open the account in the name of my LLC, but do...
Jason Schubert
Question about managing finances.
Hello everyone! Wow do I wish I knew about bigger pockets sooner!I just became a pro member and am loving the wealth of knowledge available here!I am looking for some advice/help. I currently own 4 single family prope...
Chris Leppanen
How the Money Flows (New to investing)
Hi there everyone! So I've been doing a lot of research and I was just wondering if someone could explain the general way money would flow from a cash flowing property and into either my, or the business bank account ...
Nick R.
1031 Exchange from Residential to Commerical
Curious about a particular 1031 caveat as it applies to me...
I sold a single family rental with loan and title in my personal name. I put my gains into a 1031 exchange account. Now I want to purchase a multifamily p...
Olivia Piper
Tax implications of roof replacement due to hail damage
I'm trying to figure out how I should report the roof replacement in one of my rental homes due to hail damage on Schedule E. The rental home was purchased in May 2017 and the previous roof had half of its usage life ...
Account Closed
Which bank do you use for your real estate business?
Hello, I am looking for a bank that pays some interest, no account fees or minimum balances, and allows the creation of multiple checking and savings accounts with different LLCs under one, single login. I am consider...
Jose Trujillo
One LLC needed for each Fix & Flip ???
Hello BP !!! I have done a few flips up until now but I have them under one LLC. I was recently told be a fellow investor one LLC is needed for each flip project that is done. I did not get the chance to understand th...
Account Closed
Creating a "Brand" LLC
I plan on doing multiple syndications over a period of time. I want to create an LLC that I can use to be the "face" of my syndication activity and be used as my primary brand in my marketing packages, but I don't wan...
Kevin Alvarado
What do investors do when they have multiple properties? Multiple LLCs?
What do investors do when they have multiple properties? For example, 15 different properties for rentals, do they just create 15 different LLCs? For fix and flip, that would be a separate LLC too? Any clarification w...
Tim Silvers
SERIES LLC FOR FLIPS?
I am familiar with the series LLC, having used it before for rental property, but what about for quick flips in which the hold time may be only 30 days or less & you're doing volume? Yes, you pay a one-time forma...