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9 January 2022 | 6 replies
If one goes bankrupt, it may take all the others with it.You may not need an LLC for each individual property, but each LLC you do have should have its own bank account and books, and should behave as its own completely separate entity.
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9 January 2022 | 5 replies
In fact, if this is your situation, you might want to even create 3 LLCs to separate the assets from each other.
8 January 2022 | 2 replies
I do recommend a separate checking account for all business related items as well it will make doing your accounting far easier!
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11 January 2022 | 15 replies
As for the others, you need to keep things separate.
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24 January 2022 | 44 replies
I recently did a hard money loan and a refi (separate transactions) with the same lender and my closing costs seemed really high.
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9 January 2022 | 4 replies
Just as important to the financial/legal structure is the emotional structure you put in place and few think of this part upfront.
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16 January 2022 | 13 replies
My Real Estate partner from 30 years ago, owns 90 separate Trailers on their own lots.
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22 January 2022 | 26 replies
AirBnB has grown radically over the past few years and these emotional bidding wars for cabins by people with zero REI experience are appreciating the prices vastly higher than the admittedly high inflation rate.
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14 January 2022 | 12 replies
On a separate note, looking to network with other real estate investors in the Charleston area!