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26 January 2021 | 5 replies
Might be overkill for a small rehab project, but if you are doing enough, look into purchasing these, and I think you will find them helpful.
28 January 2021 | 2 replies
@Samer Elayyan I would guess your lawyer and CPA would have a strong opinion on this, but generally, forming an LLC in Delaware is unnecessary overkill.
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31 January 2021 | 10 replies
All of the accounting software seems like pretty serious overkill for a single-member LLC that flips houses and is taxed on a Schedule C form.
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1 February 2021 | 2 replies
This setup may be what you need or it may be complete overkill.
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4 February 2021 | 4 replies
Water resistant is fine to overkill for a bedroom.
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6 February 2021 | 7 replies
Again, many threads will tell you that for one single family home its over kill (and yes, some on BP do have LLC's for a single family home or a group of them, and some of them have "frankstein loans" and some know that they have to pay for the commercial loan).
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17 December 2020 | 0 replies
Therefore, I'm leaning towards the 101-2017, which is more comprehensive, but might be a big overkill and I would need to input more information.
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5 January 2021 | 8 replies
Again, getting with a CPA is best before picking the type of entity (including an LLC with only a single property - seems a bit overkill and you can pick up a 1M liability policy that should shield personal and rental properties).
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14 January 2021 | 16 replies
That’s total overkill, but it helps keep the neighbors eyes off of you if you aren’t following code (ie too many unrelated people in a house), and it is a very desirable thing for tenants.
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8 January 2021 | 3 replies
Having one LLC for each property seems overkill.