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I own one property free and clear. Thinking of refinancing and using the cash to purchase other properties. Want to contribute the property to an LLC after taking the cash out. Once the property is in an LLC, I wil...
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House flip This is probably very basic and my apologies if it was already covered. My cousin is very interested is trying out house flipping. I am more of a rental income investor. He is going to buy the house and t...
I have a Single Member LLC where i have gave an initial capital. I do cash based accounting.My question is since the initial capital doesn't count as income correct? then when i transferred a portion of the initial ca...
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Could someone advise me on initial capital contribution? I recently opened up an LLC for my rental property and a business account.1.How is it funded? 2.Is the contribution in the form of Cash or could it be the prope...
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All business and properties are in the state of New York.My partners and I are figuring out the structure of our business and need some help. We each own real estate and/or assets that have near equal market value. We...
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I have a Solo 401K set up under one of my LLCs that has earned/active income. I recently sold one of the rental properties in my other LLC via private sale and had this LLC invoice the other LLC at closing for a $35K ...
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Hello,
My name is Alan and I am the CEO of a real estate software company called eBrokerHouse. I have had several of our members urge me to join this community and forums. So Im excited to be here.
I am hoping to be...
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Hey guys. Offer was just accepted on my first property. 2 quick questions:1. Should I go ahead and form an LLC for this first property?2. Is there any issue with me contributing my personal funds to an LLC? Ex: Se...
Anybody know what the maximum percent a seller is allowed to contribute at closing?
Hey All here at Bigger Pockets. My name is Christina from Memphis, TN. I am new here at Bigger Pockets and new to real estate investing. My mom and I started a LLC in order to jump right into the business; however thi...