Evan O'Brien
Filing an LLC: Suggestions
When filing an LLC to protect your Real Estate Estate business would it be best to file an LLC with an asset protection attorney to understand the full scope and details of what the LLC will protect? I know that servi...
Jason Thomas
How many rental properties should be held in a single LLC?
I am trying to determine the best way to determine how many properties should belong in a single LLC? What is the proper criteria to create a second LLC? I have less than 10 properties now but plan to grow every year ...
Andrew P.
2 Partner LLC and paying Taxes
Hi All,We own 23 units which are starting to turn a profit. There are two of us that own the properties in a LLC (also the %ownership is not 50:50). How does everyone go about paying taxes? Do you take the total out o...
Daniella Steinberg
Financing via LLC or Personal - First purchase
Hi - wondering the pros and cons of payment terms for a first purchase.
Interest rates are so low, that financing is ideal. But how does one gain financing for an LLC property for the first purchase? If I buy with c...
Art Maydan
Being Paid Through LLC vs. Personal
In addition to property management, I do hourly work for a rehabber. Would it be better for them to send a 1099 to my property management LLC or to my personal name? Both are justifiable since I end up managing the ho...
Chinmay J.
IRS withholding refund?
So I get my taxes filed by CPA for the first time in my life, and paid a premium fee of $685. Things went smoothly for the most part, other than couple of MAJOR issues which I cannot afford to overlook. I am detaili...
Becky Hiu
Mentally Ill Tenant We Inherited Who is Also Section 8
Hey BP-folks!Need some advice with a situation we're dealing with as landlords of a 6-plex we acquired 2 months ago. Inherited a crummy tenant base where everyone pays late half the time, including this Section 8 lady...
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tax ID& incorporate?
I have a question, by the way im going to try flipping properties just have'nt gotton started.
My question is I live in massachusettes Im going to be flipping property in florida am I supposed to get a tax id number i...
Dustin DuFault
Modifying a Lease to Facilitate a Cash Out Refi
Team BP,
I acquired a property via foreclosure auction with cash in the name of my LLC. For a variety of reasons, not the least of which is access to financing, I have decided to move the property back into m...
Dowan Allen
Real estate corporation Canada
Recently spoke with a lawyer. Starting a basic holding corporation documents is about $500. Any know how much the accounting cost is for beginning real estate corporation acquiring2 properties this year??