We are getting ready to set up our LLC and are wondering if anyone from California has opened one in another state to get around the large yearly tax of $800 in our lovely state. We have been advised by an attorney to...
Which would you suggest doing and why?Forming an LLC with your partners for a specific property orDrafting a partnership agreement between the partners' individual LLC's on a specific propertyPro's and cons of each?
I've recently met with both an attorney and CPA (separately) about entity formation. They both offer formation services at vastly different costs. The attorney will charge nearly 8 times as much to form a Series LLC t...
I have 2 rental properties that I own on my name in Houston Tx since last 3 years. Property value is property 1 = $ 75 K and property 2 = 350K. I also own a single member LLC in Texas that I formed few years back for ...
I read the post below about the injured tenant and the value of having the properties in an LLC. Maybe it's discussed somewhere else, but I want to know, does everyone own their properties as series LLC? If not then...
I'm looking to buy a rental investment in San Antonio. Does anyone have any attorney recommendations they'd like to share?Thanks a lot,Ryan
Establishing a Series LLC in Texas. Who did you use to file and transfer deeds? I have found a few potential firms, but curious to hear about other people's experiences.
Hi BP. I just joined. I'm a banker that helps real estate investors from around the country set up checking accounts for their Solo 401K/Self Directed IRA's.I reside in Denver Colorado but am able to help customers ...
Hello Everyone,A partner(@Alex Royster) and I are currently educating ourselves on the RE investing business and hope to soon buy our first rental property. We are looking to invest in the Charlotte area where my part...
I've had several attorneys and CPA's mention that house flippers should treat LLC's as disposable - that is, flip a set amount of houses with an LLC and then create another LLC and let the previous one dissolve.The pr...