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27 August 2019 | 3 replies
Everything from:(1) contract a property manager, (2) analyze lenders apples-to-apples, (3) engage your contractor (and I've even included a document for your contractor to use to provide you itemized bids on work - no more guessing what you are paying for), (4) a lease agreement, (5) a "checklist" of business incorporation items to launch your real estate LLC and (7) even a BRRRR deal analysis spreadsheet so you can know right away if you'll be making a great deal.These legal docs are enforceable in all States.
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14 May 2016 | 14 replies
Generally speaking, at least in my state, it is a good idea to have both liability insurance (of varying degrees) and a good incorporation.
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17 July 2022 | 14 replies
You aren't supposed to mix, or co-mingle, personal and "incorporated" business finances.When you have some sort of legal entity such as a LLC or C-Corp, since they are their own legal entities the finances are separated to maintain their corporate veil so the limited liability protection is maintained.
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15 January 2024 | 2 replies
@Ender AslangecinerIf your property is in Georgia you are paying georgia taxes but speak to your cpa and attorneyIn most instances I have been advised to incorporate in state I reside and file foreign entity where I own properties
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15 January 2024 | 1 reply
Comfortable chairs, the more comfortable the better.
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19 March 2015 | 115 replies
There is plenty advice here, but you need a plan of action that will incorporate the ideas.
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10 October 2018 | 2 replies
Yes you would have to have either the designation in the Articles of Incorporation that any one partner can enter in to legally binding contracts on behalf of the LLC OR that "Named Partner" can enter into legally binding contracts for the LLC.
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29 October 2023 | 100 replies
Also interesting they operating in CA but incorporated in DE - likely by design to avoid any CA laws and court system.
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15 January 2024 | 1 reply
Germain see answers below: Yes, you can incorporate LLC in NC even if you own rentals in other States.
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5 May 2023 | 15 replies
If the consultant isn't building your articles of incorporation and your operating agreement, then that's not worth it.