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I'm at the point of closing a real estate transaction with 4 buyers forming an LLC to purchase, some apartments we are converting to sell as Condominiums. To be fair, I have eight people wanting to move forward, and...
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My question is primarily directed to buy and hold investors who purchase each new property with its own entity (I imagine most will be LLC’s).
Do you also open a dedicated bank account for each entity for the purpos...
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Hi guys, so I’m fully renting out my first multi family property and now I’m living in my second multi family property (house hacking). I have separate checking and saving from my personal life which comes from 9-5 da...
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Can anyone help me with a good template for a business proposal for buying, rehabbing, and renting out property. I want to get this so I can talk to some investors locally. Please any help will mean the world to me!
So long story short, myself and another person co-own a property 50/50. We hold the property in our individual names. We have one property and after getting a rather large CPA bill ($1600+) for the 1065 Partnership ...
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Hey all,I recently closed on a 3 unit property which I am going to house hack which brings my portfolio to a total of 5 doors (including the one im living in) and am curious if it would be wise to have an LLC for each...
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I’ve got some design-savvy clients right now that are looking for a nice new home. We looked at several properties recently (practicing strict social distancing protocols of course, now that showings are once again co...
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Bigger pockets,
I'm struggling with setting up an organized method to keep track of my rental income. I'm leaning towards the simple method of one checking and one savings account for each rental. This is great, unti...
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I've read in a couple of places that persons who have "made it", strongly recommend giving back. They have said that by giving money away, it has come back to them many times over. I haven't read any specific example...
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Every now and then, I'll receive a legitimate check in the mail with a warning that by endorsing it, I'll be agreeing to sign up for an insurance policy, a magazine subscription, or whatever else.
Anyone know about t...