Phillip Scalise
Do tou pay monthly Lawyer/LLC fees?
Hey guys, I currently work with Royal Legal Solutions, out of Texas, to set up my LLCs and deed properties into them. I’m charged a monthly fee to “maintain” them and $550 to deed the properties into each LLC when I p...
Christine Hamilton
LLC For Rental Property?
Hi all, new here! We are planning on purchasing 2 STR in NC, which we will vacation at throughout the year (one at beach other in mountains). We want to make these properties each their own LLC. Spoke with a local l...
Chantelle P.
Seller Financing
Hi, I'm a newer investor from Orange County CA with a couple of SFR's and I'm looking to sell one of them. My current renter has been there for a few years, has been an excellent renter and would like to purchase the ...
Min Kim
Getting a new lender before closing?
Hey everyone,So currently we’ve been in the process with a lender who has been difficult at times. One thing that bothers me is that they won’t do a “float down” unless it’s a whole percent, but other lenders allow it...
Kyle Johnson
First Rental and Business
If you have one rental should you put it under the name of a business? When do you typically want to separate your properties from your personal stuff?
Christine Mauro
Section 121 capital gains exclusion eligibility if LLC?
I lived in a condo from May 2011 until August 2015. Then I moved and turned it into a rental property. I am planning to switch the condo to an LLC for liability protection -- but now I wonder if that is the best str...
Michael Smith
Transferring property in LLC
Hello,
First time poster and was hoping to get perspective or advice. I have one property currently and want to know if it’s worth the money and effort to transfer my condo to an LLC before buying a new property as m...
Dani Zee
How to structure one separate entity for marketing different rentals (held in LLCs)?
Hi, I've searched everywhere for hours can can't seem to find a good answer to this question. If I have different rental properties, each owned by a different LLC, what's the best way to market and do business with m...
Warren A.
Subpanel with fuses and aluminum wiring 1940 home - safe?
I closed on a single family home in Little Rock, AR in mid May 2021. It was built in 1940 and is ~1700 sq ft. The tenant is a Housing tenant (section 8) , has not moved in yet , but has passed the Housing inspection....
Zehua Zhou
Will my single member LLC veil be pierced if I am the borrower
I currently have a few single houses for rent which are directly under my name, and also the mortgages are under my name.
I am considering to move the houses to an LLC 100% owned by me. But I don't think the borrower...