Aahil B.
Question on operating LLC's?
Hey Everyone!
Happy new year!I was wondering if I were to purchase a property under my name at a conventional loan and maybe 6 months to a year from now I rent it out and were to purchase an umbrella policy, should I...
Leo Q.
Question Regarding House Hack and Section 121
Hello,I've read that house hacking can cause tax implications at time of sale. One of those things being how much of the property qualifies for the section 121 of either 250k exemption or 500k if married. I own a prim...
Cesar Merino
Living in California, buying rental property Cleveland OH
Hello, I was wondering if someone could share some pointers. I am in process to get a rental property in the city of Cleveland,OH , my state of residency is California. should/could I use any other State LLC (ex. Del...
Jin Zhang
How should I set up the holding and subsidiary LLC?
Hi everyone, I am trying to set up an anonymous holding LLC and one anonymous Georgia subsidiary LLC (for my Georgia rental) and one anonymous California subsidiary LLC (for my California rental). I am a bit confused ...
Micah Smith
LLCs and lending on SFR properties
I have 4 properties. My attorney suggests the best thing for me is one LLC per home. I asked my lender, who is great, and she has concerns with individual LLCs - she says many lenders will not lend to LLCs or properti...
Richard Rodriguez
How does they do it?
Hello everyone!
Though I've been perusing BP for a bit, this is my first post because I really need some help.
We all know that there are several ways to acquire properties at a discount. I have been ...
Karthik Natarajan
Setting up LLC out of state
Hi All Looking to guidance on setting up LLC. I have one property in California and looking to purchase a second one out of state in Omaha or Georgia. I woudl like to move my current property under a LLC and purchase...
Tom NA
Best way to partner or use my resources - opinions desired
As a frequent reader and occasional poster on this board, I value the opinions I find here immensely and thus, wanted to ask the group for advice on how to handle my situation. In a nutshell:
o Live in SF area of CA...
Jason Frink
Out of state investing tax benefits.
Hi BP Family,I live in California and am about to start investing out of state. I have a CPA that I've used for years but when I brought up the investment to him he said my wife and I combined make too much money so t...
Andrew Fidler
Read Engelo Rumora's new book "The Raw Truth to Success..."
Happy New Year! I am surprised I haven't seen any forum activity yet on Engelo Rumora's recently published book The Raw Truth to Success In Real Estate, available on Amazon. I'm going to post the sections of the book ...