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Hey all! I’m looking for some input. We currently own 3 rental properties across Texas, Virginia, and Washington State. They were all originally Owner occupied and then turned into rentals when we moved. I’m wondering...
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I formed an LLC a little while ago since i was looking to get a commercial loan and wanted to keep everything within the business. I soon found out that I need atleast 20-30 % down to get a commercial loan... So i've...
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I'll try to keep this as short as possible. I recently got two properties under contract under my name. I have a private lender who issued a certified check under my name (directly from HIS account) to pay for the ear...
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I have heard of a case where the lawyer was able to somehow poke holes in the LLC that enabled access to someone's personal assets. I have also heard of a case where the tenant sued the LLC that contained several oth...
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I'll try to make a long story short. I own a townhouse that I have rented out for two years. Cashflow is great. I have about $100,000 of equity in the property. How can I use that money to finance the purchase of anot...
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I am going through a lengthy divorce. It is nearing completion but still a month or longer away. Recently an opportunity has arisen on a small ranch. Would establishing an LLP shield this potential property from the d...
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Hi everyone!My husband and I are planning on jumping in to the Chicago market and are pursuing fix/flips. We are having trouble deciding which entity(LLC, S-Corp, land trusts, etc.) to create and are looking for advic...
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I currently have 8 SFRs in my LLC. Is there a suggested number of properties to have in an LLC? When or should I look into setting up a second LLC for future properties?
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Hi, Is it best to form an LLC if I have 8 rental units? I Know I can get an LLC online, but do I need a business license or should I get one if I'll be managing the rental units?What are the pros and cons if any?
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Hi! I plan on moving to Denver in the coming years and plan on turning my current residence (2B1B condo in San Diego) into a rental property. I have someone local to help me manage the property but I was curious about...