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New to RE Investing and have been keeping up on the latest financial situation(s) regarding Fannie and Freddie. I already have an LLC set up and would like to start building credit, so in the future I can avoid rules...
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How do you go about transfering a property you still owe on into an LLC ?
And..is it even necesary for tax / legal purposes ? Meaning - I'm going to form the LLC for liability protection but wonder if I need to then...
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Hello everybody, I'm relatively new to real estate investing and have found a spec builder who is willing to let me take over his mortgage/note on the home with some cash flow for himself. Im from Texas and know lease...
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Hi Everyone! I invest in Arizona where ownership records are public and quite easy to access. As such, I get phone calls, letters, and even text messages asking to buy my properties for top dollar and cash. Quick s...
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I have a question and wanted to see if someone more knowledgable than myself can provide me with some advice.I have found a property I am interested in purchasing. There are currently 4 years worth of taxes due on th...
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I saw a lawyer yesterday to get advice on becoming a first-time landlord and I feel like it was a big waste of time and money. I feel like BiggerPockets forums provide better legal advice than this guy. When he told m...
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In regards of privacy and taxation what value can a Wyoming LLC holding company provide to a RE business that buys & holds/BRRRR and has an attorney at law conduct Wyoming LLC annual reports for me?Let's say I hav...
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Hey guys, what are the proper way to do distributions?Lets say I have 5 rentals, the money comes to my property management company, then property management company does a distribution to me... 1) Should I do it via c...
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I am reading a book “every landlords tax deduction guide”, which was recommended to me from this site. I understand that the 27.5 year depreciation is only for the house and not the land value.
I bought a piece o...
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We're really excited to announce a new simple but incredibly powerful feature here on BiggerPockets:If you are a BiggerPockets Pro, you can now add a video to your profile, embedding either a YouTube or Vimeo video. U...