Michael Giuffre
How do bring on a partner post-acquisition?
Details on my somewhat unique situation:1.) I purchased a single family home last week, using a conventional 30y fixed mortgage in my name only. I put 20% down.2.) I intend to rent the property out to a tenant and it ...
Julio Gonzalez
Ready to Exit Your Rentals? Consider a 721 Exchange
If you are wanting to sell your real estate property, but are worried about paying taxes on the capital gains, a great strategy to consider is a 721 Exchange. Section 721 of the Internal Revenue code allows an investo...
Matt Walden
S-Corp Conversion to LLC Help
When I first started out about 15 years ago my business partner put two properties into an S Corp. The two properties are owned outright no debt. My question is how can I convert this into an LLC? I realize now it ne...
Paul Haviland
Purchasing LLC vs. Real Estate - Depreciation Impact
If someone purchases an LLC (that owns the real estate) as opposed to purchasing the real estate, is there a tax implication regarding my ability to depreciate the LLC's Assets. For example, if the prior owner has de...
Lombosco Dixon
What's the hardest part of real estate investments
Well the hardest part of real estate is getting started in real estate investing my main problem is funding / raising capital for my need as well as finding buyers ... Please share advice and/or your story
Patrick Choo
Forming partnership on property already owned
Hello, I have a good friend who just moved out of a duplex house that he lived in for 5 years. He wants to rent it out and I approached him about me buying into the property with him to form a 50/50 partnership. The i...
John C.
Central Florida
Hey everyone, I am what would be considered a new REI and I am looking for a mentor. I have a small chunk of change to start, however I would really like to find ways to find a PML to finance my first deals. I am pr...
James Chin
Investing with a Partner but not forming LLC
Hi BP community, I'm currently working with a partner to start investing in our first RE rental. I've been reading up on a lot of the forum posts (thank you all for the amazing content) and understand that many invest...
Fausto Carosella
Sale of LLC Property in one state 1031 Exchange to another CPA's!
Hello All,My folks recently sold their last property and made the move to retirement here in Florida. Last year they sold their investment properties held in a Massachusetts LLC and purchased various properties in Flo...
NA NA
Forming LLC with SD 401K
Can an SD 401K be used to establish an LLC with another non-disqualified individual? LLC would be funded say 40/60 for example purposes, between 401K trust and non-disqualified individual. Apportioned income, gain...