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Results (1436)
Account Closed Currently have a CA LLC - should I open a new LLC for TX property
28 December 2020 | 9 replies

Hi Bigger Pockets Family,
I currently live in CA and own a duplex in a CA domestic LLC. However, I’ll be buying a few rental properties in TX, and I’m not sure whether or not I should open a new TX domestic LLC (and ...

Norman Berman Do I need an attorney to set up an OOS LLC?
6 November 2020 | 11 replies

Hi folks,Working on getting my holding LLC off the ground. I'm going to set up my LLC in Wyoming (even though I live in California and properties will be located in other states, Wyoming has very favorable LLC laws).I...

Andrew Butler Rich Dad Poor Dad Question on taxes
28 December 2016 | 7 replies

Hi everyone,This is my very first post and i have a few questions. I just started listening to the bigger pockets podcasts and i am now obsessed. I love learning and trying to educate myself. It quickly became evident...

Caitlin Lutenske-Logan CA Attorney Recommendations - LLC & Trust Formation
19 April 2024 | 2 replies

Hey, I have been searching for the right legal team to assist in entity formation, with anonymity and asset protection top of mind. I am interested in using WY Statutory Trusts and LLCs to box up each individual prope...

Raj A. Should I setup a Delaware LLC for a property if it's not located there?
15 July 2023 | 8 replies

If and when the time comes, I know many of said it is best to setup an LLC for the property you intend to purchase ("123 Main Street LLC") for a variety of legal/financial reasons. I also know in general, Delaware off...

Stephanie St. Germain Is an LLC needed before buying the property?
29 January 2024 | 13 replies

Hi, I’m just starting out in my real estate investing journey and am looking to buy a single family home to buy and hold as a long-term rental. Do I need to have an LLC set up prior to obtaining a loan or can I have t...

Danielle M. Should I put 8 unit rental in LLC?
18 July 2023 | 5 replies

Hello,5 years experience with single families and a duplex BRRR strategy but never used a LLC. Looking at buying a 8 unit. Live in CA but have rentals in TN.Here are my questions:1. Should I put the 8 unit in a LLC? A...

Eric Bailyn Gifting Single Family Residence to Son: Any tax implications?
3 September 2019 | 12 replies

Hi Everyone!
My mother would like to gift her $850K house (100% owned; no loan) to my wife & me. At the same time, my wife & I would sell our $1.5M house ($1.4M is equity), and use the proceeds to 1) transfer...

Conner Price New investor looking for LLC guidance
6 July 2024 | 4 replies

I am a new investor living in California, investing in Wisconsin. I’m under contract right now for my first property in Milwaukee Wisconsin. I am looking for some general guidance and information on setting up a LLC. ...

Dylan Bednarz BRRRR Strategy Help - Focusing on the Refinancing Aspect
15 June 2018 | 7 replies

Hello everyone,I am new to BiggerPockets and relatively new to real estate investing in itself (I have been doing a lot of research within the past 4-6 months), but this BRRRR strategy has made its way to the top of m...