I'm struggling to see the benefit to a seller in selling to someone on contract. Are there tax benefits? What other benefits? Seems to be popular in my area, actually have someone I know I could do this with but I do...
I have read that in using a LLC, one can create personal protection against a real estate property in the case of lawsuit. Is this true in regards to a primary residence and should I be looking to purchase my first...
Hello! My name is Jason Tefft, and I just wanted to introduce myself to the BigerPockets community! Living in Lynnville, Iowa (close to des moines for any keyword followers) Originally from the denver area, will one d...
Hey everyone, A tenant in one of my properties wants to open a daycare in a rental i own in Garland, TX. Has anyone ever done this? What do I need to protect myself from liability? I assume I should make her incorpora...
What's the best way to loan private funds? I know a lot of people who do it in their own name, but would it be better/provide more protection to loan via an LLC or something else?
Hello everyone, Mike and Sarah here!We currently rent in Belleville, NJ, and have an established owner-operated Pet grooming and daycare business, a bit further south in the Union County area. We have been working tog...
Hi all. I'm new to BP but love all the logical advice that sounds crazy to the common person.
Here's my situation:
I have a 4 plex (in CA) that I paid $700K for a few years ago (25% down) and I now owe $485K. Its ...
Has anyone taken advantage of a Qualified Opportunity Zone investment? See link for more info - https://www.irs.gov/newsroom/opportunity-zones-frequently-asked-questions#designatedThe essence is that you can invest ca...
Hello -As I want to do real estate investing seriously, My first Step is to create a Real Estate LLC for Tax benefits and legal protection.I want to do this on Legal Zoom, in Florida (advice of my lawyer, he said don...
I am looking to get advice from any one that started in the rental business debt free. I am saving up to buy property with cash and no partners or investors. My questions are: Was there a benefit to going debt free?Ho...