Hello BP community!
I am a Chicago/Northwest Indiana investor and would like to know when is a good time to start an LLC? At the moment, I have a total of seven doors spread out over three addresses. I am not sure i...
Hello!New investor here looking to buy my first property. I am in the process of setting up a trust. During my conversation with the attorney, she mentioned that it's rare for investors who finance property to buy a p...
A friend of mine has an LLC that he has never filed a tax return on. Is that legal?
My father-in-law and I own a duplex rental property that we have a commercial loan on with our LLC. We are pretty green with understanding all the in's and out's of rental properties, but we are educating ourselves. W...
Hello everyone,
I am a new investor and am trying to set up my business entity before I dive into the game. I have talked with 2 attorneys and both have given me the opposite advice. One said to create a LLC (singl...
Ok so my wife and I decided we are going for our personal residence before investing in real estate. So should I get my personal residence through an LLC knowing I'm going to be investing soon. Or do I just get it in ...
Good evening BP I currently own four homes, one I own free and clear and would like to do a cash out refinance to purchase more rental properties. Under my mentor he suggested I put the home I owe free and clear into ...
If you buy a rental property through a LLC, can you use a personal chequing account to manage this property?
I'm deeding my CA property into a CA LLC. The member/manager will be a WY LLC. I want to ensure that my corporate veils stay intact, and my LLCs are never perceived as "alter egos" by a judge. To be fully prepared for...
Hi BP, trying to change the title of my rental property out of my name and into my LLC. The bank said that it was fine however they will still report to my personal SS# and the insurance must stay in my name not the ...