Weina Shi
New EIN for Each Property in LLC
Hi fellow investors!I am closing on the purchase of 12-unit building this week and the property will be inside an LLC. Do you typically apply for an separate EIN for each LLC? Or just use your own SSN and keep it simp...
Roberto Chan
1031 Exchange providers ?
Anyone use 1031 providers from the internet ? Or you use a regular some local service ?
Isua Mbang
Has anyone used the “All in one loan” with CMG Financial?
I came across this loan product and was wondering if anyone has or is currently using it. It is basically taking your mortgage loan and having a 1st lien on it and it’s essentially a line of credit on your mortgage bu...
Sergio Rodriguez
Should I owe Capital Gains Taxes if I lived in the house 3 years then leased 2 years?
Hello Friends, I purchased a house in 2017 and lived there for 4 years as my homestead's primary residence. Following that we moved out and turned it into a short-term vacation rental around April 2021 and the last ye...
Neil Copeland
Bank or Brokerage Account
This is about the best place I can find, and here is my question. Once I open my Solo 401k, can anyone recommend a bank or brokerage house to open an account? I have a desire to invest in the stock market, with the ...
Julien Bartolo
Rental Investment Units Purchase - LLC's & Bank Accounts
Good morning everyone, I am a new investor in the state of Maryland and anxious to purchase my first rental property. I have selected a realtor thru Bigger Pockets, I am currently analyzing deals and will soon be pla...
Manolo D.
How to build business credit
I know that DnB has something to do with business credit, however, when I called them to ask how I was doing on my business credit, they said they had no records, and it will cost me a thousand dollars to start the pr...
Mark S.
Syndication Check Payable to Trust: Depositing to Personal Acct
I had my attorney create a revocable living trust for me several years ago for estate planning purposes. I use this same trust to hold my real estate syndication investments (again, for purposes of estate planning an...
Ted Lanzaro
Self Directed IRA's and LLC's
A client asked me today, "If I am using a self-directed IRA to purchase an investment property, do I have to buy it in an LLC owned by my self-directed IRA or can the IRA purchase the property in its own name. I can ...
John McCormack
South Florida Accountant
Hello All,
I was wondering if the BP community would know of or be able to refer me to an accountant with real estate experience in the South Florida area. I'm located in Delray Beach, just north or Boca Raton. I'm a...