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My father owns 5 residential properties. His strategy is to buy and hold. Now, all these properties are in low income areas. I want to establish a company where I can put some of these properties under a company name....
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Would be interested to know how people have structured a RE Holding LLC with foreign members (i.e from UK, Australia, New Zealand, USA)
TIA
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If so, Where did you incorporate? Where are you banking? Are you getting portfolio loans in CA or in TX? I'm looking to set up a Corp., hold 5 (TX) properties and then do a portfolio loan on these and keep buying more...
I know the correct answer to this ... contact a knowledgeable CPA ... and I am looking for one, but in the mean time I wanted to see if anyone any insight into this.Here is what I want to try to do:Set up an S Corp to...
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Have been investing for almost 2 decades now and have assembled a nice portfolio of SFR properties. In about a year, the last one will be free and clear and trying to decide what's the best use of these assets. The ...
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I have two separate US corp. One Georgia corp. and one Florida corp. Each one has just two single family houses. My CPA filed for the IRS and state taxes and made the yearly accounting. He asked me 1200 $ for one comp...
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Condotel Investments: Not Always a Smart Idea in the United States !
Even with record room rates, owning your piece of the condo-hotel business in the United States might not be so profitable, experts are saying. Yet...
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Hello!This is my first post, but by far it isn’t my first time on biggerpockets.com. I’ve been silently lurking in the shadows trying my best to emulate a sponge. My experience with real estate is somewhat varied. I g...
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I have ventured into the commercial world this year buying a small shop for storing materials (I have 20 flips going and need a lot of space) and cars, a 7,500 square foot office building, and a 1,600 square foot indu...
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I live in California and own a few properties in the midwest, and I have heard not-so-great things about using LLCs for small-time investors (i own mostly SFHs and townhomes), like it's more difficult to get a loan to...