Account Closed
Asset Protection with an LLC
Hello all,
I am interested in the topic of asset protection via an LLC. I am also interested in all of the tax benefits/advantages associated with claiming business expenses, so…. forming an LLC for a rental ...
Scott Stevenson
Ohio Eviction
Hello all! Quick question for those of you who own property in Ohio and have gone through an eviction process or at least started one. I have a tenant, who has been a good tenant for some time.. just recently (3 month...
Peter J.
No HOA reserves ($0). Time to sell?
Purchased a 1 bedroom condo for $180,000 in late 2008. Current CMA value is $130,000. Reserves: Reserve fund was $16,000 in 2008, but NO reserves remaining. There have been no reserve studies.Financials: The condo c...
Todd Krzeminski
Wyoming Bank Required for LLC?
I setup a Wyoming Holding Company (LLC) that will manage my Virginia LLC. As I live out of state (Virginia) -- do I need to use a Wyoming bank for the holding company LLC, or can I use one local to me or national bank...
Glen Wiley
mange yourself or use a PM
I see a lot of talk about the importance of hiring a property manager (PM) rather than self managing. For 20 years I have managed my own properties so I wanted to offer some thoughts on the advantages of self managing...
John Thedford
You Can't Get Blood Out Of A Turnip??
Dummy me. Waiting WAY too long to put my foot down on a delinquent tenant. Got caught up in school, etc. On Wed June 21 she stated she had mailed the rent. As of Saturday, June 24, no rent received. On Sunday I held a...
Bienes Raices
Comingling funds and LLC
Not asking for or expecting legal advice here, but I thought someone might know the answer to this.
If I create a new LLC to hold a property, I assume it might take some time to establish a credit card for business e...
Steven Thomas
Free Bachelor’s degree - what should I choose?
Hello,My name is Steven. I am new to the real-estate investing world. Recently I read Rich Dad Poor Dad, and it peaked my interest. I’m currently reading Brandon Turners books, and I have plans to read others. I want ...
Adam L.
Should I start a LLC?
Just starting out in buying rental property, should I create a LLC because of taxes and liability?
Nicholas Alves
LLC vs. Umbrella Insurance on Rental Property
Hello all! Just closed on a property i will be using as a long term rental and am getting ready to rent out my condo as well (Im moving to a new condo). What should I do in regards to having both rentals in my name v...