Hi Guys,
Looking to do a BRRRR. Do you guys do the buy and reno in one LLC (S-corp) and then transfer to another LLC (PASSIVE) for rental income?
How do you transfer after the reno into the passive rental LLC?
Look...
It's happening. Our first REI purchase on a single family buy and hold out of state. We will not make enough money this year that would lead us to want to open an S corporation or an LLC. I just want to get started so...
Question: Is it best to classify these expenses as education or consultation in order to avoid later IRS scrutiny?On the advice of this site I joined my local REIA. Unfortunately I didn't heed all the warnings. Went t...
Hey,I'm new to this forum, I was wondering if there were any members from Montreal, Quebec, Canada? I haven't done my first deal yet, but will do so within the next year. Pretty excited but a little scared at the same...
I have a partnership with a partner where we are 50/50 owners of several rental properties. We have taken out a LOC on the equity in our rentals to fund flips. I will find the properties to flip, manage the contractor...
I have read that in using a LLC, one can create personal protection against a real estate property in the case of lawsuit. Is this true in regards to a primary residence and should I be looking to purchase my first...
I will be a passive investor who will finance the flip and my partner will do all the work and we will split profits according to our agreement.My preferable way would be to buy it in the name of the LLC I own 100%, m...
I just read this blog post (from property management software provider Buildium) about the dismal state of home ownership in the US. It's worth reading in full, but the quick summary is that low home ownership rates...
So I'm beginning my real estate journey, and I'm curious about something. I own a highly-profitable online business, and I often see people talking about "moving highly taxed business profits into real estate," and I'...
Hey everyone,I am looking to rent out my first property, and am wondering what kind of criteria/questions I should have prepared when screening Property managers. In the long run I'd like to do the management myself, ...