Elizabeth Einecke
Newbie LLC Snag
Hello All. A few years back, I attended a seminar and jumped into doing a few fix and flips. Long story short, I opened a Ca. LLC under which I purchased and sold one of the properties. At the time, $4K was left i...
Eric Robert
1031 Rules with Duplex in Los Angeles
Im looking into selling my duplex and using the 1031 Exchange to purchase a property that brings in greater cash flow. DetailsMortgage - $350,000Appraisal - $550,000With this information I could roll the $200,000 "pro...
Daniel Klucas
Best tax shelter for profits: IRA, HSA, 401K, REIT, REI or other?
Trying to figure out our best choice to tax shelter our forthcoming profits for sells lots we have subdivided from our primary residence. The mortgage on the house is being refi and the lots will be free and clear. ...
Will Gaston
SC Property Tax Reduction Based on Buying a Business?
All:Has anyone in SC ever successfully gotten property taxes reduced on a large portfolio of properties (other than the standard 25% ATI exemption) based on the fact they were buying a "business" instead of a collecti...
Abby Robinson
Cash out 401(k) for real estate investment?
Hello fellow BP members! I have a 401(k) that has been sitting for the last 3 years that I haven’t been able to contribute to because it is set up through a previous employer. I’m considering cashing it out in order t...
Austin Wang
Tax Implications for having wife's LLC manage rental properties?
I have a few rental properties that I invested in prior to getting married. My fiance and soon to be wife has an LLC for her investment properties. If she is to manage them, and I pay her, can that income be deducte...
Account Closed
Who is the real owner?
Back in May 2014 I foreclosed on a house in Mississippi for none payment. I was in the second lien position and after the foreclosure the bank in first position refused to work with me in bringing their loan current. ...
Angela K.
Great ARV /Negative cash flow
My wife and I just finished the rehab and refi on our fist BRRR property and it’s looking like we have over ARV is 30% over cost! The bad news is that the rental market for the property is not looking like it is as s...
Bill Hall
Looking for a Registered Agent for Wyoming
So I have a company that has formed a C-corp for me and wants 2k total to form a Wyoming LLC for me. I personally think it is way too much money so thinking of doing this myself. When googling registered agents in Wyo...
Jeremy Crooks
Investing from Sydney Australia
Hi everyone,I have been investing in US real estate for 2 years. I have done 24 deals remotely from Australia. I currently have a large buy and hold portfolio of rental homes in the US, yet I still live in Sydney.I...