All Forum Posts by: Tom Willson

@Eamonn McElroy. Hopefully we'll be able to contribute the property to the LLC in the near future and thus wondering should everything be done through it so as to limit mixing of personal and business funds. Understandably since the LLC isn't purchasing the property there is liability in that the roads lead back to us but....

Starting buying our first investment property. We have sent paperwork to form an LLC. Property is going to be funded through a personal loan (have gone over safer strategies with a lawyer but it's what we can do to start so). Wondering if we should do all of the business on the property through the LLC if this makes taxes easier or makes keeping things separate easier? Looking for pros and cons. We are planning to have an accountant help us. Thanks!

We r in South TX to clarify

Hi all looking for some practical advice here. I need to do some repairs on a duplex 750sqft each unit. Windows are older and do NOT accommodate an AC unit. Previous owner modified one of the windows in the living room of each unit to place a window ac/heat unit. The one unit was poorly modified and the window is broken. The other has a wooden insert adjacent to the AC unit to make it work. I am considering doing a mini split unit vs window units and window repairs. These are not upscale units by any means.