Hi Everyone! I would appreciate if any accountants, lawyers, etc. can shed some light on the implications that arise from being a CA resident who invests out-of-state through a business entity such as an LLC.I want to...
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I’m going to shop for a lawyer who can answer entity questions, help me make an offer on a property, and advise on tenants (what to do tao protect myself). Looking for a great teammate!How much is a good lawyer going...
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This may be a dumb question but, if we are doing a Quitclaim Deed to transfer ownership of a property over to an LLC, should we also change the insurance policy from our personal names to the LLC name?
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We have all seen and read opinions on what people just starting in real estate investing should do in terms of creating a LLC to own and operate each property. Most of what I have read speaks to the opinions for youn...
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If you have an LLC for each property or for different businesses, does each LLC need to have a separate EIN? If so, how would taxes be filed? I understand a single member LLC files a personal tax return and that is ...
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I average 2 calls a week where someone calls me up and wants to buy one of my rental properties. I have heard the speeches so often I KNOW what they are gonna say next. Usually it starts out with, "we have bought a ...
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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...
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Hello all,Hope everyone is doing well.Real Estate Investor here with so far 2 Rental properties looking to grow future portfolio. In the works of building my Administrative team & need some guidance from more expe...
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Hi, We are looking to open separate checking accounts for each child in a Series LLC we just started in TN. We are out of state and have had both large banks (Chase) and local TN banks say they would only open one for...
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I'm buying rental properties in NC. I was wondering if there is a preferred way to run them. Weather it be by llc each one? Keeping them in your name? Tax reasons as well . Any pros and cons would be greatly appreciat...