Account Closed
What are Market Rentals??
I was recently in touch with a sales rep from a MF development comprised of Townhouses and Condos that I have been looking to invest in. I was told that the condos are designated as "Market Rental" and cannot be owner...
Mohan Deep
Bought properties under personal name now moving to LLC
Hey BP community - I bought some rental properties under our personal name and now as part of the estate planning process, I am reading/hearing that I should move these properties to an LLC and move that LLC into the ...
Joan Liu
should I rent my house to someone who wants to use it for cooperate housing
Hi, Greetings to BP landlord group. I am new here and need some help. I was approached by people who are interested in leasing my property long term and use it for cooperate business travel accommodation. Anyone ha...
Holly Schuster
PHILLY INVESTORS (unique probate inquiry)
In Philadelphia, if a decedent has been deceased for MORE THAN 21 YEARS, letters (admin/testamentary) are unable to be obtained in the usual manner. I’m told that a lawyer must file a petition in orphans court before ...
Kevin Kittilsen
Capital gain Ordinary Income Tax on rental to be demolished
I run a family owned general contractor business (custom homes). However, I am not a registered principal of the company (s-Corp). My mom and dad are the two registered principals as they started the company 30+ years...
Dina Harleth
Are gains from sale of the primary residence taxed at capital gains rate or ordinary income?
I have always thought it was at the capital gains rate, but someone today told me that the gain on the sale of a primary residences is taxed at the ordinary income rate. Can someone clear this up for me? Thank yo...
Franklyn Gutierrez
When and if to Start LLC?
Hi everyone.
I'm looking to start investing into buy and hold real estate by next year June ( once I raise enough capital). My question is, how long before should i start opening up an LLC before I buy my first prop...
Chris Cabanilla
Tax question for Joint Venture Rehab for SFR
I’m in a situation where my in-laws and I have agreed to split profits upon the sale of their house in Orange County, California. I would put in the rehab money to renovate their house. And upon the sale of the house...
Amanda Chandler
Hard Money as an individual or through an LLC
I've seen some posts on the forum about hard money lenders "requiring" an LLC for them to loan money. Can anyone share their experience borrowing hard money either through an LLC or as an individual?Thank you in advance!
Brayden Johnson
Starting a Business or LLC
Without giving advice, for those of you who have an LLC, what is it used for specifically? What is its purpose/design?