Just purchased single, out of state, property for STR. We reside in WA. STR in Boise, ID.
As a married couple do we set up LLC or run expenses and income through our personal names? This is in regards to banking and ...

We will be looking to secure a traditional mortgage on investment property in a few minutes.  Just wondering if it makes a difference on where we are keeping our available funds.  We have a business checking account i...

HiI am planning on purchasing properties in Pittsburgh PA and Burlington AL.Do I need to open an LLC in both states? If I only open in one State can I purchase in another State? Will I incure higher taxes in that case...

I am converting a personal residence into a rental and am wondering what would be the benefit of starting an LLC compared to an LLP?  The partner would be my wife.  I am thinking of possibly the benefits of an LLP bei...

Great Forum Folks.. Keep the info coming.

Over the past 3 years, I have purchased 3 properties, 2 are rentals and one is my primary residence.

With no plans on stopping, I am now looking into ways to better position...

Oftentimes people get confused whether they should capitalize a purchase or expense it. Hopefully this helps clarify things a bit!
A capital expenditure is money spent by a business or organization on acquiring or ma...

Hi,I have numerous rentals and rehab them as an owner /builder and do a lot of the work myself but also hire out some of the work. To protect myself I am thinking about making an LLC only for operating the rehabs and ...

Hello BP community.My business partner and I are close to purchasing our first rental in New Brunswick NJ. Recently I had a conversation with an established flipper/investor who recommended not worrying about an LLC f...

I was wondering if anyone is doing this strategy right now? Calling banks with distressed assets and navigating their way through to speak with asset managers for NPN's and REO?

Lots of people say it doesn't work bu...

Hi Everyone,I'm a new member on BP and posted an introduction in the new member introduction section yesterday.I have equity in my primary residence, but have a lot more equity in a non-real estate sole proprietor LLC...