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LLC issues
We have established that to truly protect ones assets, one needs to hold all rental properties in a LLC. D/B/A is not the same thing. This gives the property owner no protection. How should a new investor approach ...
Nick Redding
BRRR Property Tax Implications
Hi All, I have a couple Columbia, South Carolina properties I am thinking about refinancing to get some cash out. I am trying to figure out what the new tax value would be so I can recalculate the proposed cash flow. ...
Tom McDaniel
Partnership LLC Sells Rental, Invests in DST, Closes LLC, Can DST be Distributed?
2 Person Partnership LLC (Form 1065, K-1s to Partners) owns Rental Property which is planned to be sold. Proceeds to be used for 1031/DST, LLC would then be owner of record for 1031/DST.
Plan to close LLC in 2024 or...
Paul Palmer
New Plus member in the Twin Cities, MN
Hi Everyone,
After watching Bigger Pockets grow over the past couple of months, I pulled the trigger and become a Plus member. First off thank you for creating a warm, friendly and informational public forum....
Hayden Wright
What did you do to avoide analysis paralysis?
This question has three parts:1. How long did it take you to acquire your first property after beginning your education phase? 2. What gave you the confidence to pull the trigger?3. How would you recommend newbies sho...
Timothy Michael Mick
90 Year Old with a Dead House - 550k - How to Structure
I have a 90 year old friend with a triplex. A few years ago, a pipe broke in the upstairs. She hired a family member to fix it but ran out of insurance money before he could complete it. Now the building is sitting th...
Kyle Johnson
How To Put Rental Under LLC
I moved out of my old house and turned it into a rental. The deed and loan are under my name but I want to put it under my newly created LLC. What is the process for doing that? My rental is being managed by a PM. Do ...
Matt Motil
Best way to roll my property to my LLC from my personal ledger
Aside from just doing a quit claim deed from my personal assets to my LLC, I have been looking into various strategies to make this transfer happen. Let me paint the picture and hopefully some people and throw out som...
Patrick Loshek
Transferring my primary residence to an LLC
Hello BP,I am about to move to another state where I will be buying another house. I would like to transfer my current primary residence to a LLC and rent it out. I currently have a mortgage on the property and do not...
Owen B.
Newbie/Military/Heading to Guam
Hey everyone, I'm a new member to bigger pockets. I am in the Navy and on my way to Guam. I have been following the BP Podcasts for awhile now and I'm looking to finally pull the trigger being in an area for a long en...