Do I need to get an LLC and/or separate business accounts for my finances when doing a rental business in order to protect my assets against potential lawsuits?

I have two properties I want to flip in the LA area. I own one and have negotiated purchase on another. I am an experienced designer and have private lenders (friends) interested in investing. What is the best way to ...

I am going from one property to three this month which I expect to get a little more difficult when it comes to following the money.  So, I was wondering how other are keeping track of their banking finances.  I have ...

Hi everyone – I’m a new investor less than a week from closing on my first duplex. One side is occupied with a tenant I’m inheriting (currently on a month-to-month lease) and I’ll be living on the other side. I’ve spe...

Currently I have a holding llc and a management llc. I own both. I was doing my taxes and my and my accountant suggested not to use a separate llc for my pm company. He explained that it is unnecessary and generates e...

I currently have a llc in Illinois but will begin construction for a str on kentucky lake. Can I put the kentucky property in my illinois llc or form a new one in Kentucky. I currently don't have anything attached to ...

My husband and I own two single family rental properties, one in Alaska, one in Las Vegas.  We have a separate LLC set up for each of them and a separate business checking account to collect rents, security deposits a...

Hi BP community!So, here is the question and I hope I do not lose or confuse anyone.I am currently using my check controlled SDIRA LLC to partner and invest with another persons check controlled SDIRA LLC. in a projec...

I have a property I'm looking to close on soon in the Denver area that is listed in a SFH zoning area. The interesting part is that this property:

1. Property type is SFR Grade C
2. Has 2 valid addresses according...

I am looking for advice on how best to track and structure my expenses to get the most tax benefits.  Currently my wife and I own two properties in the Cincinnati OH area and have just completed the renovation of our ...