Nick Portillo
Should I Set up an LLC?
Hi BP community,
As I am planning to buy my first property, I am wondering if I should set up an LLC?
Note: I plan to live in my first property, but will expand thereafter.
Ryan Sweeney
Self directed IRA partnering (JVs and my LLC)
My LLC is in a JV on a build (LLC owns the lot) Provided this goes well, my partnership will expanded to include a build on my next lot (owned by my IRA). I want to flow money into my IRA, but want to flow money into...
Bill Pollnow
Roll over Business Start up - 401K funded
I recently left a job of 18 years and have an existing 401K. I am considering/wanting to take these funds out/use them for real estate purposes and have recently came across a company/recommended by my attorney/that s...
Eric Carbrey
To jump or not to jump.
There is a fourplex for sale in my city that started at $149k I have talked him down to $140.I am very interested in the unit. Here are some hang up I have. Right now the tenets are in a program that get homeless peop...
Mitch Conrad
Syndication vs Private Fund LLC
My wife and I own and operate 23 senior living communities (assisted living, memory care, and independent living) across Colorado and we are now expanding into Arizona. I've often had people ask if they can invest to...
Corey G.
Rental QBI requirements for book keeping and time calculation
I am doing my taxes and had a few questions about QBI. I own 16 units (4 Buildings) and manage them myself. I have maintenance done monthly and repairs come up all the time. I am coordinating the repairs, sometimes do...
Ivan Lopez
Beginner Real Estate Investor From Orlando
Hello bigger pockets community,My name is Ivan and I'm currently a full time web engineer looking to transition into real estate investing. I received my Real Estate license when I graduated hight school and used it t...
Rodney Miller
When does an investment become a security?
I was under the impression that when you pool together investors on a syndicated deal, you have essentially created a security. I was having lunch with a local syndicator with several deals going and he told me that ...
Ariel Moore
Marketing and Organizing REI biz
Hello,
I'm getting started with wholesaling and with a full time job, children, grandchildren, etc., I am way to busy to work hard, I must work smart. I have already gotten some experience speaking with sellers and ...
Nick B.
IRS Audit & Partnership
Hello BP,I am considering partnering with an individual who is bringing me a deal (apartment complex).However, he told me that he is being audited by IRS. Is this a deal breaker for me?I am concerned that IRS can go a...