I just want to know if someone can explain to me the importance of creating the LLC so that I can fully understand the concept. For example, why can’t a wholesaler or houseflipper get paid without the LLC? And what is...

I'm not and most (if not all) of our friends (and relatives) aren't. Perhaps this is because of where I live (Northern Virginia). How about the rest of you?

I've heard stories that customers wash dishes if unable to pay their resturant tab. That's a bartering type of recourse – or maybe just penitence. I know it's not a desirable, but what's the landlord version of this c...

Hi,I have a SFH rented out to a nice tenant. He says he's pretty handy, and wants to do all the repairs himself, and he's also offered to do some upgrades to the house himself. Some of the upgrades are in the backyard...

BP!I just purchased a duplex in my LLC for $52k and it appraises for $84k my current interest rate is 8%.  A couple of lenders I've connected to are  saying the only way I can get refinancing is to remove the property...

Hi everyone,  I am pretty new to the forums & investing.  I am looking for my first deal after reading several of the BP books & J. Scott's estimating rehab costs book.  My question is regarding a 3 family (fo...

So the scenario is that I have had these tenants for a couple months now and they want to do work in exchange for rent. They are also never one day past the 1st on rent deposit either. Sounds like a good deal because ...

Debating on creating an LLC for protection and tax benefits. I've been told the LLC set up as a sole proprietorship (what I'm planning) won't give me any more tax benefits than owning a property and carrying a heavy u...

Hi all,I'm committed to start a career as a real estate investor so i'm working on getting myself educated by reading books, blogs, podcasts, asset protection,  analyzing properties in the Dallas-Fort Worth Metroplex ...

Hey Everyone! I'm in the process of closing on my first investment property in California and I'm going to put it under an LLC. Does anyone recommend opening the LLC in another state with potential tax benefits, or do...