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I am a fairly new member in BP Pro from Carol Stream, IL. My background has been in accounting in a variety of industries, including a homebuilder, then a couple real estate companies. I started my LLC in 2014 after t...
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I did a private lending , borrower bought house under the name of LLC, first lien recorded. value of house is at least to cover the loan(as of now). I have personal guarantee, Mortgage note, promissory note.Now borrow...
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Here is a report out of Baylor University (yes, it's almost 10 years old) that has nearly 100 pages of court decisions regarding various aspects of LLC law. Remember that LLC law varies by state, but after endless di...
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I'm at ground zero when It comes to real estate investing. I'm 23 and just trying to find a basis for where to start. The goals is to flip houses but also create a portfolio of rental properties. Also open to learni...
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Rookie here……but D.S.C.R loans seem to be a great way to acquire property. I’d like to talk with anyone who has dealt with these kinds of loans before. Pros/Cons, contacts even maybe, for instance how do you even acq...
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Case: So what I have 4 partners with 25K for a total of 125K on a single family home we are looking at that rents for $1500. How do we structure a contract or deal so that all revenue/profits/expenses/taxes are split ...
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Soo... I hate to resort to this type of question but I have read and read and read and read and then Ive read some more on the subject and in fact am still reading on LLC & CORP with their different tax designatio...
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I’m in the process of buying my first duplex to house hack. I plan to buy more income properties in the future and it seems like it’s the best idea to start a LLC after discussing with my accountant. Is there is namin...
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Hello all, Looking for some help for the BP folks....My business partner and I currently own 4 rental properties, which we plan to put into an LLC. The LLC has been filed with the State of TN, and once it has been rec...