Hello,
Am looking for some recommendations for either CPAs or Real Estate Lawyers to help me set up a Sole Proprietorship. After researching, it seems like this is the way to go when just starting out in REI (as the...
I had a fellow investor mention the need to issue a 1099 to any "lllc owned company" who completes work, over 500. For example; your landscapers to a $501.00 project, the company is an LLC landscape Co. you pay him,...
I am planning to purchase my Personal Residence in California under single member LLC and rent it to my self. Since I can not deduct my local tax from my tax return more then $10,000/ year. Any recommendation?
Easy question to the experts, but for the new investors what are the advantages? I understand that it’s a good way to delegate liability from the individual to the organization. However, does that make a large impact ...
I am a beginner am reading my 1st R/E book (by Brandon Turner), and building my goals and plan. Can I claim LLC/S Corp expenses, such as classes/examination to get a R/E broker license, if I incur them before I creat...
In search of real estate savy tax expert to help with our first tax season. Do they need to be real estate knowledgeable or does any cpa work?
Back in May 2014 I foreclosed on a house in Mississippi for none payment. I was in the second lien position and after the foreclosure the bank in first position refused to work with me in bringing their loan current. ...
So I have found many potential deals in the MHP market and trying to narrow down the best one for me. I have read the BP Due Diligence checklist along with many other checklist on the net. I also have considered payin...
Just starting out in real estate investing. If I plan to have a rental property in CA and plan to have it under an LLC, does the LLC have to be based in CA or can it be formed in my home state (out of CA)? Can an LL...
Hey Everyone, I am closing on a 5 bedroom single family home in Boston in two weeks. I plan to house hack with my friend (we will live in 2 of the 5 bedrooms). My question is - What is the best way to "hold" this prop...