Srinath Gopinathan
Converting personal investment property to LLC
Hi Folks,I bought a property in Harrisburg, PA about a few months back with a conventional loan on my name.I would want to transfer the property to my single member LLC. Reached out to an attorney. He mentions that it...
Pamela Holmes
Alabama Tax Deed Property
I've been purchasing Alabama Tax deed properties for several months and I am running out of resources. I continue to receive these price quotes from the State of Alabama for approximately $5k - $7k. Good rental proper...
NA Mass
S Corp Election or Not: House Flipping in MASSACHUSETTS
My husband and I just set up an LLC and are getting conflicting info from accountants that we've spoken with as to whether or not we should elect for an S Corp.We both plan to maintain full time jobs outside of our LL...
Tech Cheng
Cares act distribution vs SDIRA
I’m looking to use retirement fund to invest. Heard about the Cares act distribution (if you’ve faced covid hardship-which I am)So wondering if it’s better to take the 401k funds out before end of 2020 (tax breaks) Vs...
Jeffrey Marshall
Asset protection S-Corp LLC or both?
Just getting started in real estate and I keep seeing asset protection as being very important. How do I determine what kind of protection to have S-Corp LLC or both? Can anyone explain how I could have both and what ...
Pixel Rogue
Land-lording exit plan
Hello everyone,
Looking for a thoughtful exit plan from land-lording. Been at this business for 20 years and there is more to life than wearing maintenance and cleaner hats al the time. This was originally a 5 year p...
Danielle Morton
Changing Ownership of 1031 exchange
So my parents did a 1031 exchange almost 5 years ago and bought a beach home which we rent out. Me and my brother have been managing the property and my parents consider us owners in this. My question is, can this pro...
Andrew Ramirez
Cash out 401k to invest in real estate??
I'm new to the whole real estate world but I'm VERY motivated to learn the ways and make a full time career for myself. I purchased my first home 2 years ago (primary residence). I plan to buy my first investment prop...
Sheen Jowl
tax implications when moving properties into LLC
Hi BiggerPockets,I wonder if anyone has experience in moving properties from personal name to LLC. The properties stayed on my 1040 Schedule E for a few years and have accumulated loss when depreciation is included. H...
Megan Roche
How can I avoid the mistakes that YOU made??
Hi everyone, I'm going to try to make this short and sweet!I'm moving back to Chicago in 6 days and I'm ready to jump into Real Estate (finally!) I have not done any deals/taken any action yet in Real Estate because I...