Guillaume D.
1st Time Dividing Lot In Multiple Pieces of Land - 100k + Profits
Hey BiggerPockets community!I thought I would share my most recent success story in order to help inspire new/beginner real estate investors. On June 4 2015, we bought an old house (1951) that had a pretty huge lot (3...
Ryan Crowley
Corporations and reducing tax
Hey everyone, like most people here, I have read Rich Dad Poor Dad several times now and am inspired each time I read it. In there he mentions creating a corporation to significantly save on taxes. He references bei...
Gary McKissick
Forming your LLC
New Investor who will be purchasing their first multi-unit (2-4) this year. I had a question about my LLC. A little about my situation, I live in Denver but will be investing out of state in Dallas/Ft. Worth due to ...
Thea Linkfield
Switch Property to LLC for tax purposes?
Hi all! I have a property I bought through the Duval County Foreclosure website with cash. I am working with 2 people on fixing it up and flipping it. The property is in my name. We are going to split the profit evenl...
Swati V Patel
Use IRA LLC to purchase my current primary residence
Hello everyone.I will be moving out if state over the summer. I need recommendation on what are best options for my current primary residence. Right now I owned with my husband. We need upfront investment to start new...
Wayne Littrell
Joining an existing S Corp
I plan to complete a cash purchase of a property with personal funds, closing it into an existing S Corp that I would be joining (Illinois), which right now has minimal assets. As I am new to the business of real est...
Mareno Rathell
Are LLC's as iron clad in protecting you as people suggest?
I hear you should put your properties under an LLC to protect yourself, your savings & your home from anything that may arise from a lawsuit associated with one of your properties, but I wonder if that is just som...
Cole Black
Two life goals- real estate investing and pilot what first
I have a few goals in life start a business, become a pilot, and invest in real estate. I’m young 19 years of age working at a minimum wage job unable to really save any capital for a down payment. I know I need a bet...
Carlos Julio
Cash out and refinance rental under llc
Hey BP forum, I need your advise here. I bought a rental sales price Jan 2022 $80K cash under a corporation with a partner with the idea of cash out and refinance and use the money for downpayment for the next one. Th...
Mark Smith
Asset Protection
I am about to jump into my first deal, but I have been trying to learn as much as I can about asset protection. I really don't want to get myself into any trouble, so I'd rather be safe than sorry.I'm thinking about ...