Krissi Miramontes
LLC Newbie Questions
I just bought my first SFH and am closing on my second at the end of this month. Both are located in Toledo. I live in CA. Im trying to figure out what my real needs are for an LLC. My questions are:Anyone just us...
Nathan Hill
Rate of 7.5% with 2.5 points by me and 2 by the seller is this normal
Afternoon All,Im going for my first investment property a Duplex <100k . I have 25% to put down a great debt to income ratio A credit score >640 I've just been applied for a mortgage and been told its 7.5% with ...
Amanda C.
Oil Stains in Driveway - normal wear and tear or deposit?
We had tenants renting for 4yrs, when we got to the property after they moved out we noticed a large oil-stain in the driveway as well as various other smaller oil stains in the driveway. This photo is before pressure...
David Georgeson
Buying a property in an Estate please provide me with your thoughts and concerns.
I am looking at purchasing a house that my realtor says is part of an estate. I generally know what that means but I don't know if there are any potential cons with this situation. The property is off a "main road" ...
Sanjai Dayal
Own commercial building, I use 2 of 7 offices for medical business- pay myself?
The commercial office space is owned by my LLC. I need to allocate a certain rent to pay myself as I use 2 offices working as a medical provider (another LLC). The higher the rent, the better for tax purposes. Is ther...
Jill Keller
One LLC or Multiple LLCs?
Hello,
I have a 3 properties under my personal name that I'm looking to move ownership to an LLC. Should I get 1 LLC per property or one LLC for all 3 properties? I know multiple LLCs would mean more complicated taxe...
Brittany Baird
Asset protection for new landlord
Hi there, I have a single rooftop with three units fully rented in PA. I’m a NJ resident and have an LLC incorporated in the state of NJ. I made the LLC to use for my consulting business but accepted a w-2 position ...
Terri B.
Is it better to have debt than own free and clear?
I heard an investor on a call say it's best to have some debt on properties for protection. There wasn't time to discuss in detail so I'm asking you all fellow investors about this. What's your perspective and why? I ...
Melissa Man
Protection from being sued
What do you all do legally to protect yourself from being sued by your tenants.
Robert Gerrard
how should a buyer broker commission be handled in an LLC
So I'm fairly new in this game. I'm a partner in an LLC with two very close friends. I'm a licensed Realtor, they are both unlicensed contractors. We recently bought a Fannie Mae property and I was compensated 1% c...