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I just came from the bank to open a bank account for the newly formed LLC that will hold the property I am purchasing. My LLC is formed in PA and I live in NY.
In the incorporating documents, I put my trust as the o...
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Good afternoon BP...My wife and I are new investors looking for our first deal and build a real business. I love what all goes on here and look forward to sharing and getting to know the BP Community. My question to b...
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Hello,For many months I have come across BiggerPockets when I search online for questions. Often these forums pop up but I never click around the website besides just reading the post and the comments. One day I start...
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I am new to real estate investing. So please forgive any wording that is incorrect in this post. But, a lot of people I have talked to say to stay away from property managers and mange the properties yourself. Yet on ...
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So I have been an Airbnb host for about a year and a half with my primary residence (in-law suite in the basement as well as private rooms) and just got our second property up on the Airbnb market. My wife and I do a...
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Hi BP! First time posting, but I've been lurking this amazing site for about a month now trying to learn everything I can! As the title states I am from the Dallas, Texas area. Currently, a college student getting rea...
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I have become more interested about SDIRAs after seeing them advertised in BP's Wealth magazine and more recently after reading Matt Faircloth's book "Raising Private Capital" and have a few questions. I am looking to...
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What is the best LLC to create for a property that I am going to buy in Indiana? I am a California resident, but my property will be in Indiana and I plan on renting it out as a buy and hold. Although my residency is ...
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RECPATAXMAN,
If you could go into a little more detail on this S-corp SE savings.
I'm not clear on how the end of year dist. will be excluded of S.E. tax.
I'm currently interviewing Atty's to setup my first LLC an...
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Another question in the what if category. I am curious to the details and differences between purchasing a rental property from someone who owns the property through a LLC or just buying the LLC. What tax or other iss...