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7 December 2020 | 36 replies
Big and small companies alike have chosen Houston for the location of their corporate headquarters. 4th largest city in the US - This has increased the housing demand in the Houston areas and landlords are enjoying low vacancy and rent increase.
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25 November 2020 | 5 replies
Here is some reading material:https://www.biggerpockets.com/...https://www.biggerpockets.com/...https://www.biggerpockets.com/...https://www.biggerpockets.com/...Basically, in my layman's opinion your risk the corporate veil of your LLC, which pretty defeats the purpose of having the LLC for the limited liability.
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21 November 2020 | 1 reply
Similar to most, college loans have left me in a significant hole of debt and the corporate 9-5 grind has not provided much financial growth, so my motivation to educate myself and develop multiple sources of passive income is high in order to reach financial freedom.
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22 November 2020 | 5 replies
DTS is essentially the Concur system that large corporations use except it's utilized by most government agencies.
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25 November 2020 | 7 replies
Pretty much all my tenants pay me via Zelle.If you have already created your LLC, you definitely should get a move on to create a bank account to go with it to preserve its corporate veil.Local/regional banks and credit unions are usually preferred when you are looking for nonconforming loans.Major deposit banks are no longer the main way to go for residential loans.
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26 November 2020 | 5 replies
In addition, your LLC will need to apply for an EIN which will again ask very similar questions.LLC by default are disregarded entities if there is only one member.LLC's by default are partnerships if there are more than one member.LLC's can make the election to be taxed as a Corporation.
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23 November 2020 | 4 replies
Many people end up co-mingling their financing such that if the LLC was ever sued the plaintiff could easily pierce the corporate veil and come after your personal assets which completely negates the reason to ever have an LLC in the first place.99 out of 100 times, a good umbrella policy is a much better and cheaper option to protect your assets.
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26 November 2020 | 22 replies
It was part of our management fee, we stocked the cleaners and the cleaners stocked the homes.This allowed us to purchase in bulk and some of the items we're personalized with our company logo.
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29 November 2020 | 5 replies
You are at the point where you definitely need a corporate attorney to advise you on how to structure things going forward.
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18 December 2020 | 3 replies
Also, I think the simple answer is just be able to refi within 30 days -- granted, perhaps easier said than done in some cases.Its the alter-ego issue of transferring the Title to the LLC as that pierces your corporate veil.