Drew Beale
LLC or Umbrella Insurance? Turning Current Residence Into First Rental Property
I recently purchased a new primary residence and plan to turn my current home into my first rental property. I’m not expecting to purchase any more investment properties in the near future. With this said, is an LLC n...
Pete Harper
Tax Implications of CA Title Transfer
I have a tax question. I own vacant land in CA and would like to transfer title to my TX LLC. Would CA consider this a taxable event?My long term plan is to sell the land in CA and do a 1031 exchange into property in...
William Jasin
Collecting Sales Taxes, Advice Needed
I am setting up an LLC. My attorney said I can use 1 LLC for all my business but I don't know if she is thinking about all the tax consequences. Under the LLC I am going to have 2 DBAs. One is for my wholesale and fli...
Account Closed
Bifold and Sliding Closet Door Quality
I'm rehabbing a 4 BDR with small bedrooms and am replacing all the doors, including the original 1970s closet doors. 3 of the bedrooms have small single bifold closet doors and one bedroom has a double set of bifolds....
Jon Klaus
Commissions on the sell side
Commercial agents, what would be your fees for listing and selling a $1mm building? Leasing it to a single tenant?
Carol Labbe
Do banks give HELOCs to LLCs
I recently acquired a single family residence that I plan on flipping. I paid $65,000 for the property which had a recent appraisal of $124,000. There is no mortgage on the property. I need the funds to rehab it, but...
Rachel H.
Residential Build in Portland, OR?
Hi everyone. I'm considering building on a vacant lot in Portland (a single family with ADU or possibly a duplex). Would anyone who has been through it here be willing to share your experience? Any and all feedback, s...
Martin Nowak
Best and most affordable to form LLC
Hello! I’m a novice that’s ready to start leveraging. Here’s a list of questions and my situation. I’m 54. I’m still working and have slowly acquired single family homes and have them all rented. I own 5. 2 of the 5 a...
Mike Watson
$32,000 Quick Profit!
So, just got a small $32,000 check for a quick wholesale deal. We found a small older house on a larger lot listed for about what it was worth. With a little bit of effort in the planning and zoning office, we disc...
Murray Reginald
Turnkey Investment for Multifamily Properties
Hi BP,What is the best strategy to use when buying a turnkey property? How much profit are the turnkey companies making off of the deal? With that being said I realize analyzing the deal is crucial, but this will more...