Brian Masotti
Convert Primary to Rental
Thinking about renting current primary home and buying a new primary home. Are there any issues if there is a current loan on "current primary" Thinking since mortgage rate is much lower and wasn't sure if there were...
Benjamin Giles
Hold first properties as individual or quitclaim to LLC
It seems that there is currently more financing available to LLC's than there are to individual investors at the moment. These were cash deals and I currently own both outright and have not refinanced yet.
Should I q...
Brandian Ross
LLC BEFORE OR AFTER MY FIRST FLIP
I'm looking to purchase my first flip next month and wanted to know if I should create a LLC before or after the purchase? I'm leaning towards creating one before just to be on the safe I just want to make sure I'm ma...
Shanai Inns
Seeking Guidance
Okay, so I am super excited to invest in Real Estate. The whole idea of Real Estate (whether its wholesaling, flipping, or just land lording) is so interesting to me. I have done tons of research because I want to mak...
Modeste Tchakoua
LLC with single member VS Individual? Thoughts?
Dear Experts,
Thank you for reading my question. I would like to ask if there are any advantages of using a single member LLC Vs. putting ones personal name in a property. From my reading, the opinion is that you can...
Michael Lewicki
Creating LLC for Airbnb?
I've been researching and it seems that most sources are say yes to creating an LLC. Has anyone had any experience with creating an LLC for their Airbnb or regretted not creating one? The property is in PA and it seem...
Mark Andrews
How to calculate Capital Contributions to an LLC?
Hi all,How would you record the "Capital Contributions" to an LLC in the ledger section for the following scenarios: Scenario 1: Let's say the equity in the property is $60K and mortgage is $140K before the transfer. ...
Chris Reyes
Question on Turning a Duplex into an LLC
Hello Everyone,I am currently under contract for a duplex between my father and I. My question is, after closing, is it possible to put the duplex into an LLC. I want to ensure that both my fathers assets and mine are...
Changseok Kim
Question regarding LLC structure and liability protection
Hi BP members, I have not given much thought about liability protection until now, but I recently started reading books written by Garrett Sutton, and cannot help having questions. (1) Does Michigan afford charging or...
Adam Graziano
I'm a newbie, how do I get started on the financial side??
Hi everyone,
i am looking to get into the STR market by purchasing my first property in Virginia this winter.
On the finance side, I assume I will need to start an LLC. How will that effect the purchasing process? ...