Zak House
Bank accounts for multiple LLCs
So I have multiple LLC with different EINs so Bank of America doesn’t recognize me as one holder and therefore I get additional fees. Feel there service and customer experience are terrible , so looking for different...
Stanley She
Deferred gain is MUCH less than recognized gain, why
I bought a rental property 7 years ago for $198000. Last year, I sold it for $400000. For the sake of simple discussion, let me ignore all purchasing and selling costs. So, my gain is 202000. Within one month of the s...
Andrew P.
Best and Easiest business structure
Hi All! What is the easiest way to set up a company that limits liability? There are many different methods and people talk about a lot of different things here. The most common answer is to have a LLC for each house ...
Tim Albright
New Investor - Looking for Tax Mitigation Strategies & Advice on College Town Rentals
Greetings,
My wife and I are just getting into real estate investing. I am retired and working on career #2 and 2 of 3 of our kids have left for college - our oldest is headed to UConn for her PhD (6 years) and inste...
Tom Fidrych
Appraisal using actual SF versus permitted SF
Where I live in California, it is not uncommon for homes to have unpermitted additions. This is primarily due to the slow and cumbersome permit process and high permit fees. During the 2006 bubble, appraisers used the...
Joe S.
Pros and cons of having one LLC for two states
So I am looking to get some feedback on the pros and cons of having one LLC for two states. The LLC would be set up in the state of Texas where I reside and buy most of my properties. I am looking to buy some more pr...
Elliott G.
Should I pull a building permit for my house hack rehab?
I just graduated from college May of 2019 and soon as I did I bought a single family home to house hack. It's 2 bedroom 1 bath with an attached garage and an attached screened in patio. I have lived there about 7 mont...
Angel Miranda
Expanding my property
Greetings, got a few questions for local investors/real estate agents in the area. I thinking adding a room on the house I'm currently living in but planning on renting it in the coming future. The room would be appro...
Mark Beekman
Deferred Payment on House Sale -- Capital Gains Tax This Year?
I'm looking to sell a house that I've recently rehabbed to an LLC for roughly $250k by years end. Then, next year, I plan to have the LLC list and sell the house to the general public.
I want to sell the house to the...
Ockert Kruger
Canadians Investing in the US
Looking for information re: investing in the US as a Canadian - for cashflowing / appreciation investment properties, if there are any Canadians doing this I would really appreciate some very simple info about how you...