Wilson Lee
Trasfering Ownership from a C-corp to to an LLC
The USA is a litigation happy country. I do my best to limit my exposure to this wild west style lawsuit culture we have.I am starting to flip properties but, for the last few years I have purchased rentals to hold. ...
Drew Nashmy
How do you structure your STR's legally?
Happy Spring all!
We have been successful (moderately) in the Fix n Flip market, however recently moved and haven't found a contractor we trust here yet. That said, I have been watching this forum and have all our d...
Harry Nima Zegarra
Banks accounts for Series LLC (series A, B, etc) in Dallas
Hello guys,New in Real Estate, started last year and opened a series LLC. Initially (as I am still learning about this) bought the property, got the Tax ID and opened the Bank account under the "mother LLC"... now I a...
Yuliany W.
LLC Classification: Partnership, Corporation, or S Corporation?
Hi,
I would like to get your thoughts on this. I recently created an LLC to own my future real estate properties and I also just applied for an EIN. What is the best classification for an LLC which purpose is to own ...
Cliff Harrison
Closed on Rental Property #18 in Grandview, MO
#18 was a long time in the making. It was short sale with Wells Fargo with two mortgages on it. Started working on it last December and it finally closed on Friday 8/28.It's a 3/1/1 with large detached garage/worksh...
Patrick Choo
Forming partnership on property already owned
Hello, I have a good friend who just moved out of a duplex house that he lived in for 5 years. He wants to rent it out and I approached him about me buying into the property with him to form a 50/50 partnership. The i...
Christopher R.
One LLC or Many LLCs?
Hi! I would appreciate suggestions about forming LLCs. I plan on doing most buy and hold investing. I will buy single family homes and rent them out.Should I form one big LLC for everything? Or should I form one LLC p...
Seri Strong
Anyone investing in LaQuinta, Ca
Do we have any investors currently investing in LaQuinta,CA? I'm out of state and have a couple friends with second homes in what I thought was Palm Springs. I was also curious to know if anyone had experience with re...
Rick M.
More than one LLC or is one enough?!?!
I found a multi-family property on the seacoast that I would like to buy. Let’s not put the cart before the horse, I want to have it under a business LLC. I was wondering with each property that you own do you have it...
Jacob A.
Asset Protection: Setting up a property management company as LLC
I think I came across this idea on BP but cannot find that post. Basically to protect from lawsuits one creates a property management company as an LLC. You rent the property to the LLC and the LLC sublets it to the t...