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Results (10000)
James Toland Starting an LLC/Business Account Questions.
29 June 2023 | 4 replies

Hello Everyone,    I currently own three properties under my name and have a separate checking account for each under my personal bank account. How do I best go about creating an LLC and moving the money in each accou...

Mark S. Bank Account System for Turnkey Properties
18 January 2017 | 7 replies

If you're buying turnkey rental property in your own name (which will be managed by the TK property management arm), how do you structure your bank accounts?

In other words, since I'm assuming the TK property managem...

Yichu Zhou Financial arrangement for Real Estate investing
25 June 2024 | 3 replies

Hi, everyone,I am new to real estate investing and plan to start investing this year. I have been reading many books (and posts in this forum) and trying to build a system for investing. Before posting my questions, ...

Rick Santasiere One LLC or Multiple LLC's
18 August 2015 | 6 replies

My attorney advised me several years ago to set up LLC's for each one of my rental properties to limit my liability in the event of being sued for any reason.  It made sense to me that basically the tenant can only go...

Matt Morgan Multiple LLCs
16 April 2015 | 5 replies

I'm wondering if it's a good idea to open up a different LLC for each rental property or is there too much headache to make it worth it? Also, I'm not asking on whether I should start an LLC vs an umbrella policy. Th...

Reese C. Legal division between an ADU vs a roommate situation?
26 December 2018 | 3 replies

Hello BP,I am looking at purchasing a property that would be perfect for a house hacking situation. The property has a walk-out basement with a room, living room-like area and a space for a kitchen/kitchenette. It wou...

Jacob Kelley Traditional Rental/Airbnb in Same SFH?
27 April 2019 | 3 replies

Has anyone ever sectioned off part of a SFH for use as both a traditional rental & an Airbnb?I found a house with an odd layout - it's a 5/3, but one bed/bath can only be accessed through another bedroom, or from ...

Monica Kovalsky New to LLC's and Looking for Advice
25 April 2017 | 5 replies

Hi,My husband and I have 21 rental units and decided it was time to move them into LLC's (separate LLC's for each property).  Does anyone have any book or website recommendations on how to properly handle the financia...

Billy Jemial Miller LLC or Corporation ? Which should I use?
6 April 2019 | 4 replies

For real estate investing, should I form an LLC or a corporation? I want to fix and flip and also purchase a few rental properties.

Jeffery Suddeth Question about creating an LLC
19 August 2019 | 2 replies

A friend of mine is an insurance broker. He said most of his real estate clients create a separate LLC for each property. That way a tenant can’t sue for other properties you own. Is that what most people do? If you a...