All Forum Posts by: Lauren Kail

@Snehann Kapnadak How do I save this post??? Thank you for this valuable perspective.

@Caleb Bryant

Thoughts?

@Peter McDonough Also, which insurance company would you recommend for umbrella policies and why? Thank you!!

@Peter McDonough Would I still be able to take advantage of tax deductions from ordinary and necessary business expenses without having an LLC, but simply by owning investment properties?

I started a single member LLC in Utah upon recommendation very early in my real estate journey, probably sooner than I should have. I'm finally going to be "doing business" and purchasing a property to hold this year in Alabama. It is time for my annual renewal in Utah plus Registered Agent fee, and I'm trying to determine if it is a good idea to renew in Utah and register as a foreign entity here in AL when the time comes, or if I should just dissolve it and start a new domestic entity in AL. My concern is multiple state filing fees, multiple returns, etc.

Any advice from a CPA, RE Attorney, or fellow LLC owner would be so much appreciated! Thanks, folks!

@Chandler Jones interested in meeting up with fellow investors! Are you organizing the next one? Would early to mid June be doable?

@Caleb Bryant was your cash invested ($26,086) for all of the repairs/cleaning? And the $70k purchase price was funded by HML?

Looking for CPA recommendations to help with LLC tax filing (end of year as well as guidance throughout the year).

I don't yet have any income through the LLC, just the start up expenses in 2019.

What area of HSV is this in?