If you have one property, you put it into an LLC, get an EIN and a business checking account for it and run you income and expenses through it. No problem.Now say you have 35 properties and each are held in individual...
I currently have five SFH and would like to know when it is time to split them up into Multiple LLC'S. I feel it would be nice to have each home in their own LLC, however, I really do not want to have f...
I've tried searching for an answer to this, but couldn't find anything.
I just finalized all of my paperwork and whatnot for my LLC. Long story short, my first rental property is now the first series under my LLC.
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Hey BP - My wife and I started investing in real estate a little over two years ago. We currently have 4 SFRs in our portfolio. We both have good careers in sales (not real estate), with a combined 27 years of earnin...
Does anyone have any experience, good or bad, with series LLC’s in Texas? What are some pros and cons of using a series LLC vs regular LLC in Texas?Thanks!
Howdy everyone, I've got a question for you tax and legal gurus. I'm getting highly differing feedback from my lawyer and CPA on the proper structure and taxation of Texas Series LLCs.
The CPA is advising that each ...
Hello,
Do any real estate attorneys, CPAs, or investors know if Indiana allows for series LLCs?
I know that California does not, and I need to form an entity. Another recommendation I received was to form a series L...
Hello Everyone.I am looking to start my own real estate investing company where I plan on mainly wholesaling, but also flipping properties and buying rental properties. I feel like most people use and LLC for there co...
So I have a question that I've doggedly tried to find the answer to. I've heard from the REI community that it's best to put each investment property under their own LLC for personal asset protection. However I'v...
Hello all,I am a new investor from Houston, Tx. I plan on acquiring my first rental property within a few months if everything goes well. I have some questions regarding the ownership of a rental property :- whenever ...