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I live in the NJ are and am currently a Junior in high school(16yrs). I've always planned on investing in real estate in the future but I'm getting sick of waiting so I was wondering if there would be anyway for me to...
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I am wondering if I should register for my LLC via the secretary of state, myself or should I just get an attorney to do so for the filing. I eventually will have to get an real estate attorney, but couldn't I save mo...
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Hi, I'm looking to purchase my first property with my spouse. I'm not sure which option would be best. Do we start an LLC to get the loan or do we just apply for it as individuals like a regular mortgage loan. this wi...
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First time poster seeking legal input. I own a handful of small multi-family units, plus a few single-family rentals all listed under the same LLC. Considering purchase of an occupied quadraplex...from a legal stand...
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This is purely hypothetical but I had an idea that I could explore if it's even legal. My idea is to work with RE investors/buyers, and use my available funds to provide a proof-of-funds letter for their deals, and c...
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I don't want to get stuck in the need to start X before I really get things moving. Curious to whom became a landlord without an LLC. I have a plan working with a friend who owns an insurance company to guide me on a ...
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For those using a LLC to acquire fix-and-flips, wholesale, or deals you don't anticipate holding long term:Are you utilizing your home address or a virtual business address?Are you representing yourself as a Registere...
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Hello BP ! My name is Sean and I'm a 21 y/o noobie investor from Israel. First of I wanted to thank this amazing site that helps me enrich my knowledge on a daily basis. My main goal is to become a buy & hold in...
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Hi All,
I am 2 weeks away from closing on a 4 plex and need some guidance on setting it up under and LLC. So far I have used my personal information to get the loan and do all paperwork.
Would it be too late to con...
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Hello! We are about to close on a flip, and it's the first one that we set up as an LLC with S-corp tax. It is my husband, myself, and a partner as members of the LLC. How much can we "pay ourselves" from the profit...