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...
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...
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...
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...
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...
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...
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 ...
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 ...
I just closed on a flip today and spoke to the attorney about setting up an LLC. Ive done several flips now and have rentals so i think its time. They suggested i do two LLC'S so that i have one for my rentals, and on...
Hello, I’m hoping to buy my first property next year, and am wondering if I should create an LLC to do so. The reason is I want to separate my personal debt to income ratio from my real estate investing “business” and...