Gail Marie
LLC which state is best
I own a rental property in CA and I am buying a multi family unit with partners in Indiana. I have another investor who set up LLC in Utah and has registered agent in Indiana. Is there a better state to set up LLC in...
Karina Turner
Central Valley, CA preferred asset protection
I think I was lucky the first round of renting my family home out of state. I live in CA, and want to get opinions from active investors in my area: Fresno, Merced, Turlock, Modesto. What is your preferred way to pr...
Isaac Harjono
California Resident with Out of State LLC. Do I Need Form 568?
Hi BP!
I am a California resident and I have an LLC in Indiana for my rental properties where I am the only member. This is my first year having an LLC and filing out of state. I was wondering if I need form 568 for ...
Tim McGarvey
Deed Transfer and Re-Assessment in California
A few years ago, I co-signed on a mortgage for a family member when they refinanced their property (income was not high enough to qualify on their own). During this process, I was placed on the property deed. Now, the...
Matthew Nelson
Wholesaling: Foreign LLC
I am thinking about how to structure my wholesaling business as I want to do deals virtually, but I want to test certain markets and maybe do one deal in that market befor going all in. Keeping explanations simple for...
Angelo Cortez
Claim paintings as furnishings for STR for Schedule C?
Hi BP Community,I collect paintings. Paid ~3.5k of paintings last year. If I put them in my STR, can I write them off on my Schedule C?
Didi Balaban
Seeking Advice On Hoa Assessment Not Disclosed
I am writing to seek professional advice and guidance regarding a matter concerning my recent apartment purchase.
In August 2023, I completed the purchase of an apartment, which has since become entangled in a series...
Daniel A.
Transfer Rental Property from Parent to Child - CA Prop 58
Hello,I am looking for some help on the following...I own 48% of an apartment building (located in California) with my parents, who own the other 52%. They want to transfer another 35% of ownership to me. This 35% is ...
Stephanie St. Germain
LLC questions and taxes
Hello, I have recently been considering a shift in my mindset from long-term rental property in my local market (Charlotte, NC) towards the idea of short-term rental property in an out-of-state market (that is more af...
Jonah S.
Rental Property LLC State Taxes Ohio
A fairly specific question. I have a multi-member LLC in Ohio that my parteners and I use to own single family rentals. I am working on filing federal buisness taxes for the LLC in order to generate K1s, etc. But the ...