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In the past year, I have purchased two properties in the state of Connecticut, but am yet to form an LLC, which I would like to do ASAP obviously for a number of reasons. I have put 25% down on both properties with a ...
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I have one rental I own outright that I bought 15 years ago (one door). I want to start buying more properties now. I’m being told to start an llc and use commercial loans because it’s better in the long term (protect...
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Hi all,I've got questions on how to handle a situation with a couple moving parts. I'm an accidental investor but love houses & real estate so will continue to invest as cash allows and as I get more familiar with...
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I am a newbie, I have not done any deals yet, and I know I will be getting a CPA/bookkeeper; my question is: in general terms how much should I expect to pay in taxes? For instance, if I buy a house with an ARV of ...
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Hi All, I'm flipping a condo in Cook County (Illinois) and recently discovered that the GC I've hired and paid more than 80% balance of labor has not paid the subcontractors. I have receipts and bank statements to sub...
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What are the pros and cons purchasing properties using BRRRr method under LLC vs my name ??
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I haven't been a victim and would like to keep it that way. I heard a story of a borrower who changed the payoff letter and wire instructions to the title company and then impersonated the lenders voice on the wire co...
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Hi,I recently purchased a primary residence investment property. My plan is to move out after one year and rent out my owner's unit. Once done, I am going to switch to a landlord's insurance policy. For additional pro...
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Hi –
I would love to hear from Buy and Hold rental investors who have moved beyond Umbrella insurance policies to LLCs. At what point when growing your rental portfolio did you make this switch? What are some factor...
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I am new to bigger pockets.what is the best way to protect my real estate? Should I do land trust or LLC?Can I switch my real estate from my name to LLC or land trust?