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Hi all:
I've got two rental properties that I'm about to put into LLCs via Land Trusts. I'm pretty confident this will take care of my concerns about homeowner liability and the "due on sale" clause.
My remaining c...
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Hello everyone,
I am sure this have been said before but I really wanted to get details on a few personal request about it,
I do have an investment house I bought 3 months ago (A), I am going to flip it very soon ...
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Hello!My husband and I plan to start managing a rental property. We are currently under contract on a new primary home. We are keeping our current home as a single family rental. This made the most sense for us with a...
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Need advise on how to set up best and practical asset protection. I Live in CA. Have multiple single family Properties in various states. Ca lawyer says single member LLC are not really a protection in CA. Need to for...
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I found a combined multi-family property package (3 duplexes) for sale by owner. I'm aware residential loans cover single-family homes up to 4-unit homes, and commercial loans are for 5+ unit homes. My question is...
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What would be the rationale for making a loan with a promissary note from your personal name to your LLC instead of just making a capital contribution? Is there some tax advantage to doing that? It seems simpler to j...
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Hi guys,I have a property management company that has a separate bank account and all of my tenants deposit the money into this account. Lets call it "Mary's Property Management LLC"Is it ok to pay mortgages from the ...
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Hello, BP Community!"Long time listener, first time caller" hardy har har... I really look forward to hearing what you all have to say about this one.The backstory: My brother and I are best friends and great business...
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Hello,
I'm not sure if I've bitten off more than I needed to, but the more answers I get the more questions arise... My situation is this: My wife and I own a single rental property (at this point). All of the assoc...
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Hi BP, I am finishing up my second deal and my first deal as a serious investor. I purchased the house in cash and paid for the renovations out of pocket. At the direction of my CPA and attorney, I then created a sing...