Darrell Degrazia
Forming a LLC for Property Investing
Aloha,Should I form a LLC for property investing? I was told that having an LLC would be good to have and that I can put my future investments under the LLC instead of under my name? Not sure that I can pile up proper...
Michael Waskiewicz
Does it make sense to set up an LLC?
Hello,I own a home in Westchester NY that has an accessory dwelling unit which is a small apartment above the detached garage. Would it make sense for me to set up an LLC and what type of benefits would I receive fro...
Kaitlyn Askey
Managing Properties for Parents, LLC or No LLC?
My parents own 5 rental properties and are tired of dealing with them and want to travel. Originally, I was going to purchase the properties from them and continue renting them out. However, after speaking with a CPA,...
Joshua DeGroate
Moving into new home, renting out old home. LLC concerns.
Hey all,My wife and I recently went under contract on a new home. Our intentions are to rent out the house we are currently living in. We want to start an LLC for the tax benefits of being landlords and managing the p...
David Little
Two LLC related questions
1) If I choose to create an LLC for each of my rental property investments, does each one have independent credit rating?2) If I do have an LLC, what are the advantages / disadvantages to having the LLC own the proper...
Andrew McAfee
Texas Tax Lien Auction Questions
Hello all,I am reviewing a list of properties for an upcoming tax lien auction in my Texas county, and I have some questions about how to evaluate the properties.1. How do I know if there are secondary liens or anythi...
Tristan Desforges
Moving, want to rent my house out - LLC or no?
Hello everyone! I am moving out of state and would like to rent out my house rather than sell it. I am wondering if I should create an LLC for this rental (this would be my first rental property). If I open an LLC for...
Anthony Beeler
Too late to start an LLC?
I already purchased a home to flip with my brother. Is it too late to start an LLC? I took out a HELOC on my current home to purchase the home and we just closed last Friday.
Isaac Isaacson
1031 Experts - What is Boot and what isn't? Appraisals, Inspection, Surveys, Insurance, RE Tax, Etc?
In the middle of my first 1031. Of course my 1031 exchanger referred to their attorneys when I asked these questions. Yes, I will of course ask my tax professional as well. I am just curious to hear what other 1031...
William R. Matthews IV
1031 from raw land to rental?
Can I use the 1031 exchange from a raw land purchase to a small condo and then rent out the condo/house?My situation is that I've purchased some land on the coast and if I flip it can I take that gain and put it into ...