Will F.
LLC for flipping or Peronist name w more insurance ($800 LLC fee in CA)
This may seem controversial or “not by the book” for many. but keep in mind CA has higher taxes and reg fees and I’m not doing more than 1-2 flips (short timeframe flips) a year and many years do 0 flips
Do most fl...
Andrea Evans
Can I Do This??
I've owned my primary home in Charlotte, NC, for seven years using an FHA loan this June. I want to use the new 5% conventional on a four-plex unit-to-house hack (MTR strategy) in Cincinnati, OH. Can I utilize this st...
Pankaj Kumar
How to defer/avoid capital gains tax on sold rental property
Hello All. I am new to the forum. Looking for guidance in relation to the sale of my rental property. I became an accidental landlord 3 years ago. I went to work for a company 3.5 years ago and bought a new constructi...
Jose Trujillo
One LLC needed for each Fix & Flip ???
Hello BP !!! I have done a few flips up until now but I have them under one LLC. I was recently told be a fellow investor one LLC is needed for each flip project that is done. I did not get the chance to understand th...
Chad Miles
Are we smart, or taking the easy way out? We need your opinion.
Hello BiggerPockets!Let's call this a... re-introduction. My name is Chad Miles I have been a member on BiggerPockets for a year or two now and have participated in some discussions and learned a ton. Now, I want to r...
Kristen Marra
LLC or rental first
Hi, I am new to the BP forum and in the process of researching my first rental. I plan to open an LLC to protect my assets. My question is -should I get the rental property first or establish the LLC first? Further, I...
Account Closed
Seller says they meant to counter but executed our offer!?!
Hello everybody, We were able to find a great property listed through the MLS and being offered through an estate. Rehab costs along with our offer appear like it will put us in a great position to execute the BRRRR...
Tyler Carpenter
LLC
I went onto my secretary of state website and looked at forming an LLC and it was $600. Is this about normal? Are there any sites you have had that you would recommend to be better or cheaper?
Mark Gruetzmacher
IRS Liens and Selling a House
Here is the situation. Dad passed away and there is an IRS Lien on his name. He owed a house that is worth 30-50K maybe. Lien is in the upper 20k range. The lien has been on file since 2103 so in 2023 the lien is ...
Tyler Carter
Moving Properties to an LLC?
Hello, I have several long-term rentals that are all currently in my name. They all have mortgages in my name as well. I keep hearing it is smart to "move" these to a LLC, but how exactly do I do that? I know how ...