Kyle McCorkel
Which LLC to use for a flip
I have done only buy and holds up to this point, and my focus will continue to be buy and hold in the future.I have two LLCs, #1 is more established with 4 rental properties right now. With all the tax write offs incl...
Account Closed
Creating a start-up with friend: confused about business structure
Hello BP!
My first post here, hopefully of many.
A friend and I have decided to start a REI business together in Florida.
I've been researching different business structures, and the amount of informat...
Jonathan Taylor
I need a new CA RE accountant
Hello fellow BP folks. I’m finishing up an extensive four unit remodel and I asked my accountant about which specifics I need for cost segregation she said ‘what is that?’ I then asked how much RE she owns.... you see...
Jesse Snell
1031 exchanges and ideas
Posted earlier and completely messed up the term I was inquiring about...I meant a 1031 exchange instead I referenced a tax form 5498. Anywho, I own a condo in Boston and due to taxes because it’s no longer a primary...
Tyler Neison
$80-$100k to spend with these goals, what should I do?
Here is my current situation. Currently live in and own a SFH w/ 2.5% rate. Building a new house that will be done around Nov '23 - Jan'24 and will be my new primary home. Expecting $80k-$100K income tax bill on my ac...
Ibrahim Ahmed
Form LLC to invest in multifamily as LP
Hi everyone, I am very new to multifamily syndication. Some of my friends and I want to invest in a multifamily as LPs. We do not want to invest the minimum amount alone and the group we are interested do not allow sm...
John McCandless
Just bought investment property; need passive income; have cash
Hi there. I am totally new to real estate investing. I was fortunate enough to come into some $ due the sale of a house in the Silicon Valley, and I used some of the proceeds to buy a beach house which I plan to rent ...
Diandre Pierce
I have 5 houses renting, what's next
I have 5 houses renting and I am curious on what is next. I can save $9,000 a month and I am thinking of scaling but I am unsure how. or even to what. mobile home parks? apartment complexes? triple end lease. My goal ...
Rahul Gupta
Primary property exception rule on 2 houses?
We bought our primary residence in 2018, lived there till Mid Dec 2020 and then converted that to Airbnb. We moved to a new state in mid Dec 2020 and bought our primary house there which we sold in January of this yea...
Heather Pabon
1031 or pay off primary residence (help!)
We are about to sell a house in San Diego that we purchased in 2011. It’s been a rental since 2013. We are set to make about $700k on it. This is our only investment property. (we do not want to stay in the CA market)...