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Good Morning all,
I am just starting out in Real estate investing, and am wondering whether or not to set up an LLC. Curious what your thoughts/experiences are in this matter. I lean towards the formation of a b...
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Hi all,I have been getting ready to establish and LLC for my properties. I am curious about 2 options. Do I get 1 LLC and put all 4 properties under it and pull out a 3M umbrella policy or do I do 1 LLC per property a...
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Hi all,I know Geico Umbrella policies have been discussed in numerous posts in these forums previously with regard to multi-families, and it always seemed that the consensus was that they provide decent coverage and p...
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Hi BPer,My business partner and I are buying a STR in TX. We agreed on the key principles such as how to split the profit, but we need an attorney who can practice in TX to put them in operating agreement for our 2-me...
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Online businesses have the same cashflow aspect as real estate with much higher returns but also much higher risk. Anyone out there buy and sell online businesses? Seems like returns are regularly in the 30-40% range ...
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I would like to buy a used car for my LLC, 100% business use. It would be under 6K lbs. Would I be able to deduct the cost against capital gains profits of my LLC?Sorry, I know this has been talked about but I was una...
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I'm new here and I'd like to know if I apply for a business loan and the business goes south, if I file for bankruptcy would that affect a rental property that I might have under a seperate LLC?
To be clear the 2 bu...
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I live in California and own a few properties in the midwest, and I have heard not-so-great things about using LLCs for small-time investors (i own mostly SFHs and townhomes), like it's more difficult to get a loan to...
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Hi all,I'm relatively new to REI and extremely new to business entities. I took the advice of so many others and sat down with a tax advisor and attorney. I'd like to put the protections in place now to shield curre...
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Since a lot of you are wondering the difference between PML and HML, here are my thoughts about it...Private money lending and hard money lending both involve loans for real estate, but they differ in source and terms...