Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
Maryann Fialdini Title Insurance Claim Denied -- Need Advise
29 August 2024 | 14 replies
Insurance doesn't want to hand over money sometimes even when they are obligated to, that is why public insurance adjusters exist.
David Switzer Question on Cap Rates
28 August 2024 | 9 replies
If it’s a subway that has a corporate guarantee and option to renew that is a much lower risk than a brand new business that has a High chance of going underWhat we see frequently is investors chase returns and ignore risks.
Account Closed is Renatus the Real Deal or a Scam?
30 August 2024 | 70 replies
Corporate America is a MLM. 
Michael Plaks Explained: How CPAs charge you (and why)
27 August 2024 | 13 replies
I’m currently working with Prime Corporate Services to see if it’s a good fit for me.
Shelly Glennon Long term tenant (40+ yrs) newly negotiated lease asking Landlord to pay commission
26 August 2024 | 9 replies
It is not unusual for large corporate tenants to have a re agent negotiate their lease renewals and that agent expects to get paid a commission.
Tomoko Hale Must have a CPA?
28 August 2024 | 22 replies
They may work in corporate finance, for example. 
Michael Morrongiello Need Solution to KEEP someone IN their House + Plus GET CASH to settle obligations
23 August 2024 | 11 replies
(in essence she is borrowing excess funds to help make the payments) $8,312.50 x 36 months = $299,250 allocated to MAKE the payments on the $1,425,000 Note obligation.
Yiani Georgiev My first project (NEED SOME GUIADANCE)
26 August 2024 | 2 replies
The roof of the whole building has to be renovated as well, which will happen since all residents are obliged to pay.
Rajagopalarao Paidi Any recommendation on forming out of state LLC or Home State LLC
26 August 2024 | 8 replies
Let's break down the pros and cons of each approach:Forming an LLC in the State Where the Property is Located:Pros:Compliance with Local Laws: Establishing an LLC in the state where the property is situated ensures compliance with local regulations and laws specific to that jurisdiction.Legal Clarity: It provides clear legal jurisdiction and may simplify any legal proceedings related to the property in that state.Perception: Operating with a local LLC may give tenants and local authorities confidence in your commitment to the community.Cons:Additional Costs: Setting up and maintaining an LLC in another state means incurring additional registration fees, taxes, and possibly hiring local legal counsel.Administrative Burden: Managing multiple LLCs across different states adds complexity to your administrative workload, including extra paperwork and compliance requirements.Tax Implications: You may face tax obligations in both the state where the property is located and your home state, potentially leading to double taxation or complexities in tax filings.Managing Through Home State LLC:Pros:Simplified Management: Handling all properties under a single LLC streamlines administrative tasks, reducing paperwork and simplifying tax filings.Cost Savings: Avoiding the need to establish multiple LLCs in different states saves on registration fees, legal expenses, and ongoing maintenance costs.Consistency: Uniformity in management practices and legal structures may contribute to efficiency and ease of operation across your real estate portfolio.Cons:Legal Exposure: Operating out-of-state properties under a home state LLC may expose your personal assets to the laws and liabilities of the other state, potentially diminishing the liability protection the LLC offers.Compliance Challenges: You'll need to ensure your home state LLC meets the legal requirements for conducting business in other states, which could involve additional filings and fees.Perception and Credibility: Some tenants or local stakeholders may prefer dealing with a landlord who has a local presence, which could impact your reputation or relationships in the community.Ultimately, the decision depends on your specific circumstances, risk tolerance, and long-term goals.
Jason R. Banks willing to open accounts for a cell in a Series LLC?
27 August 2024 | 18 replies
Some accountants will not want the hassle that comes from a much more detailed chart of accounts necessary to keep a strong corporate veil and /or will charge a lot more making any savings from a series mute.