Delbert Standifer
Unpermitted additionsI’m not sure what to do
I made a terrible mistake on my first investment I brought a four Plex which I found out after the deal the other three were unpermitted should I upgrade the unpermitted property and raise the rent or hold it for a ye...
Jay Dawson
How To Collect Rent With Property Held In Land Trust?
So I have a property that I put in a land trust with a relative as the trustee and the beneficiary as an LLC. My question is, who do I have the tenant make checks out to?
The relative is basically managing th...
Byron K.
Hello from...everywhere!
Hello all ... I'm currently in a sales program with a rather large company (anonymity is key) and I'm looking to eventually begin investing in real estate. Rehabs peak my interest but I'd love to have a balanced portf...
Jonathan T Harned
Question on Business Accounts for LLCs
Hello All, I'm looking for some advice on the creation of a checking account for a R.E. investment business. I'm unsure if I need to set up an individual checking account for every LLC, or if I can have one LLC manage...
Wes Carmichael
Va Loan, Fourplex live in unit
My cousin in currently in the military, and he is deployed to the middle east. We have been talking for a long time about him preparing for retirement and he is extremely interested in investing in real estate. We hav...
Purnell C.
Re-naming my SoloK
After deciding to change the name of my soloK account, I was advised to add 401K to the end. For example, instead of 'Todays's Investment' the person suggested I name it 'Today's Investment 401K Plan'Is this the nami...
Richard Bayer
Startup/loan for new EINunder DBA?
I have a pretty good network from which to draw but I think I’m just more comfortable asking this anonymously. But I have a new EIN that I started under my DBA (for now until I need an LLC) and I’m wondering how I go...
Bryan O.
Land Trusts and LLCs for Asset Protection
I recently listened to BP Podcast 109 regarding asset protection. I think it is brilliant and Scott makes a perfect argument for why you should be structuring your properties for anonymity as well as why an umbrella p...
Shafi Noss
LLC Restrictions, Delaware
Hey BP,A partner and I are creating a multifamily holding company. We're located in MD and VA but read several people recommend creating the LLC in other states like Delaware and Wyoming. But Delaware asks for a regis...
Peter Morgan
1031 Exchange via an LLC
Hello,I currently own a triplex in my name and thinking about doing a 1031 exchange to reposition myself into a better investment. For my next investment I am planning to start an LLC and purchase through the LLC is 1...