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My wife and I are in the process of filing for an LLC through an attorney before we start our rental business in a few months. I have some questions about how I should structure my bank accounts and which need to be ...
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I am an real estate agent and investor in CA. Me and my wife have bought a condo and used as our primary residence from 2016 to May 2021.
We rented the house out to tenants in May 2021.
In July 2022, we transferred ...
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I have 4 rental properties just recently purchased. I jumped in and am just learning as I go. I know I need to get my tax "stuff" in order and develop a good system to keep track of all of this. I am a pretty meticu...
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hello allMy husband and I are closing on a property this week. We want to close in an LLC we just created. My question is, when i go to create the EIN number, the IRS wants to automatically make us a partnership. My a...
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We are looking at buying a park model home and land. We want to finance it, but the lenders like 21st mortgage will not loan if it’s an LLC. We are wondering how we can finance a mobile home + land but have it under a...
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I heard for anonymity purpose it’s advisable to set up a personal residence trust. Is it the same as land trusts ?
Also, if I don’t have the right person to name as trustee, is there any more economical option other ...
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Hello BP,I'm considering refinancing my rental properties and was curious if anyone had any input on the situation...I own a vacation rental free and clear which is worth about $500k and brings in roughly $10k a month...
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I plan to bid on a number of house at my local foreclosure auction. I have done some title searching at my local court house for any title issues for properties that are on my short list. One potential property has ...
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Newbie here. When buying a property in my personal name (with the intention of transferring deed to LLC), do I have to use my personal home address for the loan and title company or can I use a traveling/virtual mailb...
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Can I legally sell or transfer (which is best?) my primary home to my LLC (that already contains 11 uniits) without losing my Section 121 benefits (capital gains exclusion)? Lived in home 2 of last 5 years. Now conv...