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I'm starting my 1st STR soon. What is your preference in frequency to pay for your tourist tax? Monthly, quarterly or seasonal? and is there a reason behind your choice? Also, does AirBNB keep track of the income? and...
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Quick question about setting up LLCs for rentals with a 50/50 partner. I have two rentals, each in their own LLC, and my partner has two rentals of his own and they are held in his own LLC's.
We are looking to start...
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I currently have only 1 investment property that is wrapping up renovation. I wanted to form the correct business structure/ entity to have ready when I refinance the property to put it under the name of the LLC at th...
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Does anyone know how to properly set up a virtual address and Statutory agent for your LLC to remain anonymous? This is to house your investment propeties in.
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i'll be using him for the down payment on my fix and flip. I'll be holding the private money in my name and the partner will front me the down payment. Question should i have him front the cost of the rehad which is ...
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Hey BP, I am currently trying to get my first SFR investment property and would like to set up a sole LLC. I am not sure exactly what coverage/services I will need, so would like to speak with a professional who isn't...
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Afternoon all :) Appreciate everyone's help in advance. Would like some advice on how to minimize my tax liability by setting up a company.I own a primary home in CA, and out of state SFRs. Everything is under my ...
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If the purpose of an LLC is to protect my personal assets, can I forgo setting up an LLC and instead purchase personal liability insurance? Does anyone know the pros and cons of doing each? I honestly a little intimid...
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My husband and I just purchased our first investment property: a 3 Bed, 1 Bath, 1075 sq. ft. single family home in Niles, Michigan. The asking price was $55K, we bought it "cash" (Home equity loan financed, $1,000 do...
Hi RE folks, I plan on renting and managing two properties this year. One of the homes is alreay paid off, and I plan on cashing out refi into the second home.It's now time to separate finances. I've decided to go wi...