Kimberly Strat
Setting up my own LLC vs setting it up through a lawyer?
Hi there,We are getting ready to set up our first short term rental property and want to get an LLC set up. The State of Colorado's application to set up an LLC is pretty straight forward and costs roughly $50 compare...
Kelly Cruz
QuickBooks: Pro vs Premier – Any recommendations? Thank you!
Hello, I’m new to this site and have a question I haven’t exactly seen answered in my search. I’m looking to start using QuickBooks Pro or Premier. From reading these posts, I realize the online version is not as cust...
Andrew Erickson
Should I Set Up an S Corp?
I'm setting up a legal org for my real estate project. Which type of legal structure should I set up? Big Details: Property (and me) are located in San Deigo, CAProperty is worth $900k (I own it personally right now)E...
Liwen Gu
Purpose of a LLC and types of LLCs?
So I was thinking about setting up a LLC for the next rental property I buy, to add some separation between my rental and my personal assets. However, I was speaking with an attorney and he said that a simple single m...
Brad Hunton
LTR or STR as we move
We are currently in the process of moving out of our house into another (reaping some REI benefits) and I would like everyone's opinion on what to do with our current primary. As a LTR we would be netting around $600...
Jay Elsberry
Jobsite Wifi on a budget
We are considering having portable security camera's on our job sites. The cameras are great and affordable, but we are running into issues with the wifi. The cost for wifi is very front loaded in the form of set up...
Satya Surendra
Land trust, LLC, Anonymity and Asset Protection in Arizona
I would like to setup LLC especially for Asset protection. This is for rental properties. Creating LLC by myself doesn't seem complicated but I read/heard about some clauses/jargons such as forced distribution, chargi...
Doug Phillips
401k Savings Plan through Work
Hi everyone,Starting in May I'll be able to contribute to my day job's 401k; up to 3% will be fully matched and then 50 cents for the next 2% (I plan to fully max out). I will become fully vested I believe too. I do...
Tim Ivory
Are HML Upfront Commitment Fees Normal? (1stcapitallending)
I am rehabbing my parents property as my first rehab project. 180K is left on mortgage and 45K in renovation costs with an ARV of 450K. I am applying for a renovation loan only for 60K.I found a lender (1stcapitallend...
Salvatore D'Agostino
Timing of when/if to sell STR producing well
First time posting. Would gladly welcome feedback. Bought a 6/6.5, 3,600 sq ft home second row ocean facing Feb 2022. It is cash flowing very well. First yr 160k gross (end of May-December) and this year already over ...