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Me and my partner just purchased our 1st BRRRR investment property. We got a killer deal, Purchase price was $210k and the pre-purchase appraisal came in at $380k. We are projecting that we will spend about $120,000 o...
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I hear a lot on the internet that no matter how you set up your business structure for asset protection you want to have your main holding company that owns all of your other LLCs out of Wyoming, Delaware, or Nevada f...
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The fact is that not all LLCs are the same. Some are just better for asset protection then others. The best LLC structure is the Series LLC. Like any good parent, we want to protect our children. This is accomplishe...
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HI all, I had a question about bank accounts and what is the best way to manage this. I have chosen to go the LLC route for each property and was told the safe bet is to open a separate bank account per property to ma...
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I think I have it narrowed down on how I want to initially structure my new business (an LLC with S-corp destination so that I don't have to pay both Personal Income Tax on profits + Business Corporate Income Tax; I w...
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I just purchased my first duplex in Bryan, TX. To get a more favorable loan I purchased the property in my personal name. The loan is 30yr conventional. I would like to transfer the title to my LLC for liability prote...
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I see these kinds of properties occasionally. Where the owner somehow managed to borrow twice the market value of the home at the time of the loan. This is before taking into account unpaid interest and late fees.For ...
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If I'm assisting with raising capital for syndication is there licensing, etc I need to be aware of before I proceed?
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For the tax wizards on the forum...For the moment suspend any sense of rationality and assume that there is a gov-mint mandate on startups that require them to do audited financial statements. They really don't have ...
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I have a singe family home under contract in Lynchburg, VA that I plan to use as a rental. What is the best property management company in Lynchburg?