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I have an LLC with a partner that is currently being taxed as a partnership. We are considering electing sub-chapter S status for 2013 to help save SE tax, we are in the business of flipping.
Currently we have an ...
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So I am looking to get my start in real estate investing by flipping houses. At first I plan on using a hard money lender to finance my purchase and rehab costs. Would it be a good idea to start an llc to do the deals...
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I have read several articles here about the benefits of scorp vs llc and I'm going to work towards a series llc to hold the properties in 2021. In early 2020, I started a multi-member LLC (2 members) and elected scorp...
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Can someone provide more context to statements like: our loan will never report to a credit bureau because it is a private loan so DTI will not be affected....won't it show on a fraud credit report, the deep dive repo...
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Hello BP Community
I am still very new to all this and doing all my research and reading as everyone else has done when they first started. I have been looking at different options on registering an LLC and it seeme...
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I am an investor based in California.After Hurricane Harvey, I figured that investing in Houston apartments that weathered the storm with no water damage would provide value. Particularly as the housing stock had supp...
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To make a long story short my stepdad and I started a home improvement/property service business in the early 2000s. We eventually still did property services but he took care of some services while I took care of oth...
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Hello BiggerPockets Community,
I'm kicking off the new year with an exciting venture: I've just established my own real estate investment LLC!
I'm currently exploring banking options that align well with this specif...
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Hello, i'm purchasing a rental out several states away and I'm want to buy the property in a LLC's name. Is there a way to do this online or do I need to go through a lawyer? How much should I expect to pay to do this...
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Hi everyone. this forum is very helpful, I've been reading and learning a lot.
I'm in the process of looking to buy my first flip all cash.
From my understanding, it's best to form an LLC with S-corp tax...