Hi, 
This might be a very basic question. I live in Los Angeles, California and have an investment property in Texas. If I were to start an LLC, do I have to have an address in Texas? Or can I use an address in Calif...

Hi,I am a R/E investor that is seeking the community's thought on the following tax related questions. Please feel free to chime in and provide your two-cents. Appreciate any help in advance.Background Information: I ...

Hello all,
closing this week on a triplex in muskegon, opened up an HSA account, set up an LLC to buy the triplex owned by the HSA , my property manager will manage the triplex. I have a high deductible health insura...

I have a newbie question regarding income for an LLC. If a property grosses a 100k, nets 50k after expenses, and then capitalizes the other 50k in improvements to the property, what is the income that is taxed? 100k?...

Before we start this LLC, Im trying to figure this out without going through a Lawyer. Do anybody know about LLC setup cause its 3 of us and I got 70% how can it be put in writing to were i don't got to ask them for p...

It makes sense to want depreciation to offset ordinary income.
Here's the kicker:You need to establish that you are real estate professional. Then you establish material participation.There are two tests to a real es...

Can Canadians wholesale in the states.

When funding my new LLC for flipping, should I use capital contributions or loans? I like the idea of a mix - with a smaller capital contribution being my buy-in and then a second larger amount for funding the first d...

Hi everyone, I'm new to the group. My name is Brian Doneghy and live in Cincinnati, Ohio. My investment choice is wholesaling. I am looking to advance my investment strategies. Looking for more passive cash flow throu...

I've talked to accountants and tax agents and no one seems to think this is a normal situation, but my understanding from the BP world is that people do this all the time - am I wrong? I want to own my properties in s...