Hey folks! An older friend of mine would like to liquidate his four properties but he would like to avoid paying capital gains tax. I suggested that he and I form a LLC and slowly transfer his properties to our LLC. A...
Hi all,I am hoping to get some clarification on how you can structure a Series LLC as a holding company that owns traditional LLCs within it. I understand a Series LLC provides the option for multiples "cells" that ea...
Hello,
I'm Starting A Real Estate Business With A Friend, And It Will Be Member Managed. The Entire Business Will Be Rental Incomes. I Know That This Type Of Income Is Not Subject To Fica. Can We Avoid Fic...
Hello, Newbie here, been a pro member for almost a month now. This is my first post, sorry in advance if it's in the wrong forum, but would love some advance. ( I also just finished reading The Book On Rental Propert...
I live in California but am trying to do deals in Pennsylvania, Maryland, Florida and in Georgia.
Do I need to have an LLC in each state or can I create an LLC here in California and be good to do deals across the U...
As a new member who has a ton of questions, I want to ask a new question everyday to get some feedback from real folks. I'm reading a ton of material but I feel like the BP community could offer significant insigh...
Hi! New to this site as well as investing. I recently inherited $200,000 cash and thinking about investing in a STR. I live 24 minutes from the White House and within a 3 hour radius from many viable tourist area opti...
If you had to choose one over the other, would you rather have an experienced Mentor or participate in a Mastermind, a group of like minded individuals pushing you to succeed while holding you accountable. Forbes defi...
Hi BP. If I have a rental property (Let's say a 4plex) and the market crashes, what's the big deal? Won't I still have my tenants in there paying my rent every month, thus I'll still be getting equity in the property?...
I have focused on saving for my retirement through my 401k for my first few years of work after college. I managed to save up $100k to invest and have decided that I will no longer contribute more than my employer mat...