21 December 2021 | 3 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
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9 December 2021 | 2 replies
I'd like to refinance them under my LLC so that they are no longer intertwined in my personal credit.
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10 December 2021 | 10 replies
You can also be a series Primary residence person and upgrade and rent that way you can still get a 5% loan when you move up and get the owner occupied interest rate.
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5 January 2022 | 6 replies
@Ken SandersDefinitely not a CPA so this might be dumb advice.But a question that might be worth asking a CPA is could you buy a house with cash in an LLC or trust.
10 December 2021 | 2 replies
Decided to buy it under the LLC for the liability protection.
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15 December 2021 | 2 replies
I will be using a LLC when purchasing the property then have an Holding LLC as I will be thinking long term with multiple properties across various States.From what I currently understand is that an LLC is a pass through entity so that income will pass through the first LLC onto the Holding LLC where the account advises how it will be treated for taxes i.e a S corp, C corp or other.
25 December 2021 | 2 replies
At what point does it make sense to set up a Corp or LLC?
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1 January 2022 | 6 replies
My question is this:When flipping a home (with my LLC if that matters) do I have to pay BOTH the short term capital gains and the self-employment tax.
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1 January 2022 | 0 replies
Is anyone using Series LLC's either from TX, NV, DE to own and operate rental properties in PA?
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3 January 2022 | 3 replies
My partner and I own a fully paid off property in an LLC.