Jeremy Mohler
Need help determining whether I have a good deal
Hi friends, this is my first post and first property.
I'm under contract on a row house in Baltimore at $307,000. About to do inspections, but want to make sure the math is right. It'll be a house hack at first. I pl...
Preston Humbard
One lease or seperate
My wife and I are buying a condo in a primarily college town. It has 3 rooms so most tenants will be unrelated. We are trying to figure out if we should do one lease for all or separate. One of the biggest questions t...
Hunter Thompson
Operating under a LLC??
I just spoke with an attorney and he suggested to me to form a new LLC for each property I purchase. He said it would add a layer of protection if something were to happen on one property, then the other properties co...
Ben C.
Two member LLC vs single member LLC?
was told that a two member LLC is more favorable for flipping activities for two reasons:
1) much less likely to be audited vs a single member llc
2) much more difficult to pierce the corporate veil compared to a s...
Account Closed
'Acts of God' Insurance? And the recent viral CA Mega Quake Predictions
https://www.youtube.com/watch?v=nGz6fHdxP30my mom called from nyc 5am pacific this morn, to ask is the huge quake hit us here in socal.. she didnt know but i threw on the laptop and went to see whats going on.. appare...
Account Closed
House Flipping Chart of Accounts
Hi all,
I'm trying to get my accounting system set up for my house flipping business.
I set up a free trial of quickbooks, but I've recently made the decision to switch over to waveapp.com
I was wo...
Joe Garretson
4 Townhomes Package Deal Financing
Got an interesting listing I'm looking at. There's a set of four townhomes listed together as a package deal. I did some research and it appears it's an older gentleman who bought these four separate townhomes and is ...
Don’t have enough money to buy rentals? Neither did Brandon Tilson. As a social worker, he was never on the higher end of the income scale, but thanks to some serious side hustles, he now has eight rental units in jus...
Yaamu Camara
How do i set up my Bank account as a first time RE investor?
I just closed on my first property a triplex in Peoria Il, but i currently live in Georgia. I’m struggling on how to set up my bank account for my investment (s). I know i cannot use my personal bank accounts. Please ...
Kathia L.
LLC and landlords name on lease ?
Hey All,
I have a basic question. The Landlords name apears on th lease but everyone says buy prpertIes In an LLC not In your name. So how can an LLC keep the LL anonymous and protected from being sued if your actual...