1) If I choose to create an LLC for each of my rental property investments, does each one have independent credit rating?2) If I do have an LLC, what are the advantages / disadvantages to having the LLC own the proper...
Hello everyone! I am moving out of state and would like to rent out my house rather than sell it. I am wondering if I should create an LLC for this rental (this would be my first rental property). If I open an LLC for...
I already purchased a home to flip with my brother. Is it too late to start an LLC? I took out a HELOC on my current home to purchase the home and we just closed last Friday.
I terminated on 7/25 the contract to sell my house. My listing realtor has not replied to emails since I terminated. I see the house shows contingent on realtor.com and Redfin. Is my house still on the MLS if i...
I live in Colorado and I see that I need a registered agent to form an LLC in Florida, do I need to use a service like Legal Zoom or Zen business to do that or can I do it on my own somehow?
My husband and I would like to start doing Short Term and/or Mid Term Rentals. Could it be possible to open an LLC, and put some of the down payment with a business credit card? We have savings, but my husband is very...
This is a pretty crazy story of one man using the escrow accounts of 1031 exchange to fund his lifestyle. Only after $126 million later does it all come crashing down. The conman never admits to fault! Many lost thei...
Hi BP family:
Hope all had a great July 4th holiday.
My question to the group is pretty straight forward.......How do you actually avoid having a tenant use the security deposit as the last months rent? You can ag...
Hello Everyone,Brand new to BiggerPockets and REI in general but very eager to meet like minded people and am hungry to learn and get into it. I'm relatively new to Florida, having moved here from the NY/NJ area abou...
Hello,
There are some attorneys doing videos suggesting each and every rental property be in an LLC and they recommend Wyoming LLCs. One refers to a woman who lost all of her rental properties and personal home be...