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Hi,I am gearing up to transfer my rental properties into a single member LLC. These properties have mortgages in my name. I am aware that the lender could call the mortgage due but it seems to be extremely low risk....
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I hear mixed things about incorporating your business in Nevada instead of your home State. Everything from lower tax burden to reduced oversight.I've also read things about you not actually saving on taxes because of...
Hello,
Reading the forums have been very insightful and wanted to seek some help.
1) I currently have a LLC-S corp for my regular business. I am in the process of purchasing our first commercial property (retail/of...
Hello -
4 years ago I moved in with my fiance (now husband) and rented out my existing home. Everything went well until this past year where numerous repairs were needed. My husband and I agree that we need to sell ...
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Hey BP! I'm looking for a new CPA, as my current one doesn't know much about real estate. I'm a full time investor with a good sized rental portfolio and a very active flipping business. I'd love to hear any recommend...
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Hello,
We are new to real estate and plan to buy a couple of properties for long term investment and to reduce my w2 tax burden.
Should I self incorporate?
Do you recommend land trusts? (Seems pricey and complicate...
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I am in an interesting situation where I am in need of money to finish renovations on my primary residence. We got hit with some surprise costs that I can’t afford. Option 1 - Cash out Refi Rental ProtertyOption 2 - S...
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Hi, I have a wholesale deal closing in NY and I live in NJ. I created a NY LLC for my wholesale deals, but want to get the money back to an LLC that I have in NJ. Should I take the funds/profits from the wholesale...
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Hi everyone,
First post here.
To what extent does real estate investing make sense if you have a highly successful career, and do not intend - or want - to make real estate a full-time career (as I've noticed many /...
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I've searched the forums and I can't find direct answers to my questions. I am looking at starting a partnership(s) in order to invest in buy & hold rental properties, where I bring the deal and management and the...