Bruno Mauro
First Tenant..Operating at a loss.
Hey all,I bought my first property a 2BR/2BA In April of last year (before I found BP or how to calculate cash-flowing properties), been living in it until about a month and a half ago. I'm moving out of the country ...
Sunny D.
C corp for CA resident flipping in IL
FolksI have 3 flips in progress in the IL area. I am a resident of CA. I was suggested to set up a C corp by my realtor. Wanted to get some advice on how to do it.Do I need to incorporate it in IL or in CA. Any sugges...
Peter Sik
FTB tax for Murrieta CA 92563
I (foreigner) and my wife own a rental property in area 92563. I see my PM charged me $150 monthly for FTB expense, it is for California Franchise Tax Board. Is it necessary for my PM to collect the tax in advance? An...
Irene G.
I have a property in CT but live in CA, where should I open the LLC?
I've already closed on the house and currently have an LLC in CT but have not moved the property over to the LLC yet because I wasn't sure if it makes better tax sense to move it under an LLC where I live (CA) or an L...
Thanh Nguyen
Foreign wholesaling!
Hi everyone,
I am Michael, from Vietnam. I am working as acquisition manager for a wholesaling company in US. I was wondering if I can create an LLC and do wholesaling on my own as a foreigner. How does it wo...
Billy W.
Couple questions about Foreign Buyers
Hey
I am working with a foreign buyer right now and I have a couple questions that I was hoping someone would be able to shed some light on.
•Are there any restrictions on non-residents buying property in the USA?
...
Harrison Ragone
Where should I set up my LLC?
Hey everyone, my name is Harrison and I'm in the process of putting money down on my first rental property down in Florida. I am a NY resident and am confused on if I should file for one in my home state, or where the...
Carlos Quiros
LLC Set Up
Good afternoon all-
I am setting up an LLC for an out of state property (ohio) and my accountant just informed me that I also have to set up an LLC in my home state of California to pay for state, federal and gross ...
Tracy Harris
Do I need a LLC each state I rent property.
I own a property in NY state that I'm currently renting. I live in TX and want to set up a LLC to mange my NY Peoperty and any future TX properties. Can I list my NY property under a LLC that I register in the state ...
Salvator Lorick
Opening a Foreign LLC
Good evening everyone,
I am very new to REI. I just moved to NY a few months ago and looking to begin my REI career here. As we all know NY is not very friendly when it comes to taxes. Would I be able to open a forei...