I want to secure rental properties I purchase under my LLC to mitigate risk but have run into a few hurdles. I own one rental property outright and am seeking financing to purchase another property. I also have a...
Hello BP Community,I'm exploring options for a commercial property in Long Beach, CA currently held in a living trust. I've noticed many investors choose to transfer such properties to an LLC for legal reasons. If a p...
I've been scouring the forums for hours trying to find a post that gives me an answer different from what I'm finding. But I haven't seen this exact topic discussed, so here goes. My brother and I formed a 50/50 Par...
Good Afternoon, After moving along at a snails pace, I am finally going to start buying some properties. My initial plan is flipping, with rentals also part of the equation at some point. My question is setting up a...
I have a question about funding a single-member LLC and paying it back. I have read several of the posts here, but I have not been able to figure out exactly what to do. I am buying a property, and I going to fund i...
Hello everyone,
I'm looking to buy two townhouses and rent them out. I was told I could only get a personal loan. How do I buy these properties as a corporation? Can I buy them on a personal loan and eventually sel...
As a 16 year old (1999) I read “Rich Dad Poor Dad”. This set a foundation for how to think and I would ever circumvent the pre designated terms of life that the industrial revolution and its subsequent employment/reti...
I currently have the mortgage of my townhome i own in my name, and is currently my primary residence. I plan to turn this into a STR/MTR in March 2023 fulltime. My lender was not clear about what would happen if I tra...
My partner and I live in Alabama. We’ve been given the opportunity to purchase the house we’re renting with seller financing. We need to take advantage of this now before we lose it. However, my partner has some c...
We are actively pursuing the purchase of our first STR with a plan to add more. We've been advised by our accountant that each should be purchased in the name of an LLC to protect our assets. The STR experts here advi...