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Dear BP family,When I bought my first rental, I paid from a personal savings account. I had another idle savings account where I started depositing rents. Months later, I opened a personal checking account where I tra...
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Lets say I have my little LLC. I separate my personal from llc bank accounts. I keep records, the LLC is alive and does not only live in my desk drawer. I buy properties in the name of the LLC I sell in the name of th...
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Asset Protection & Piercing the Corporate VeilWe've all heard of Asset Protection and the suggestion is typically to create an LLC and hold title in that legal entity. In and of itself, this can be a major hurdle ...
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I hear mixed things about incorporating your business in Nevada instead of your home State. Everything from lower tax burden to reduced oversight.I've also read things about you not actually saving on taxes because of...
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Hello, amazing community!! So I have a question and I want the most blunt response, when starting out with investments how do I look at debt? I have started getting into business credit and I've been told when getting...
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I am a new investor and about to obtain a LLC for a couple purposes , one so i can put future properties into this company and also to create the LLC to be our real estate brand create a website and help other become ...
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I am about to initiate an i401k and have put in an inquiry with my preferred CU as to whether they can (or actually whether THEY think they can) handle the checking account for it. The assets are currently in an old 4...
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I live in Southern California where we're lucky to have a number of long-running investment groups. No matter the topic, I enjoy attending meetings to meet other investors face to face. This week I've been busy - atte...
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Hey everyone! I'm closing on my first property next week (finally!) and I've been advised by some friends to go the LLC route. It's a triplex, and I do plan on purchasing more in the near future. I guess my question i...
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I’m still learning the financing part of the real estate business but can anyone help me understand the llc aspect of real estate? What’s the person of having a llc when from my understanding you won’t be able to appl...