Bellman Tumasang
Investing In Real Estate, setting up entities and taxes
Whether you own real estate in your name, an LLC, corporation etc can you please fully explain with an example how you manage taxes?for example let’s say you owned a rental property in an LLC taxed as a disregarded en...
Ryan Sweeney
Entity, SDIRAs, Lawyers, and CPAs (and maybe a mentor)
The background: I once lived in San Antonio and My wife is from Austin. We moved to rural Kentucky about 4 years ago and were forced to buy a house/wanted to. This sparked my interest in RE as it was a bad decision...
Jacob Eddy
Is a legal entity needed for your first property?
Just got finished reading the chapter on setting up legal entities in the Tax Strategies for the Savvy Real Estate Investor. Are legal entities or LLCs needed when you acquire your first rental property or is this mo...
Tyler Haskell
Partnership in Cali, Indiana Properties, Which Legal Entity Best?
Hoping someone may have some advice:We are a three person REI partnership, all partners live in California.We invest in mostly Indiana properties.We are trying to accomplish a couple of legal goals:1. Protect each ass...
Tatyana M.
Real Estate license for property management entity in PA
hello BP!i realize this topic has been discussed before but i have a little twist on this question.according to PA law one does not need a re license to manage own properties. what if i create an LLC that will manage ...
Sierra Westrick
Becoming an Entity (LLC or SCorp) a smart start?
My husband and I have two rentals plus our own home. Our business decision is for me to get my RE License this October. Our desire is to Flip some properties and Buy&Hold some properties. Should we become an Entit...
Account Closed
seeking advice on creating an entity for investment property
Hello BP community
I'm curious if anyone else has come across this situation. I'm looking to purchase an investment property with my brother who lives in another state. We are looking at either AZ, FL or CA. I a...
Oleksandr Ivanovskiy
Can I deduct entity creation expense on my taxes?
I am wondering whether or not I can deduct entity creation expense on my taxes.
Gary Parilis
Registering out-of-state LLC as a foreign entity
I have an LLC formed in PA and I intend to invest in other states. In particular, I'm looking at properties in Tennessee and may be making a purchase soon. I've been reading that it's necessary to register as a "forei...
Seth Kodner
How to structure legal entity in partnership wholesaling business
I and a fellow investor plan to start wholesaling in order to generate leads for our own respective real estate businesses as well as wholesale to make extra capital for investment. We are wondering how to set up the ...