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I had a prior CPA set up my LLC and they also made it an s-corp. New CPA is telling me to dissolve it, don't need it, costs me more than it's worth. My own research is leading me to believe I don't want an s-corp tax ...
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Looking at a small apt building of 24 units as a buy and hold listed at $695,000. It was renovated last year so not much room for value-add. Rents are on the higher side as well. Roof and HVAC reserves have been accom...
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Hi Everyone, I need some advice on structuring the LLC's and cost benefits. I'm a California resident planning to live here for at least the next 10 years. I currently own two properties in Indianapolis approx 50k ea...
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I'm trying to nail down my 1st rental property and one of the things I need to do is get a good estimate on repair costs via a walk through of the property. Since I've never done this before and don't have a construc...
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Hi everyone. It's looking like 2018 is the year I pull the trigger on purchasing a multifamily. I understand the the pros and cons of holding a property in an LLC - better asset protection should there be a lawsuit ...
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Talked to an attorney yesterday (large downtown firm) about forming an LLC(s). She said you have to maintain it by having meetings, writing resolutions about decisions and keeping minutes. Really? By myself? How do yo...
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I put up a blog about my issue. I had no idea what I was really doin, I was over charged, promised a title, put evey penny of my money, over ten grand, n idk what to do. I never bought a home bf n never thot it would ...
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I househack a quadplex in a "C" class area. The area is quiet for the most part. We have teachers, groceries employees, and handyman, etc. But, there is one house in the neighborhood where a drug dealer lives. They pl...
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Any advice on setting up an LLC for our RE investments? Do we need to speak to a corporate lawyer or can we go the simple route of LegalZoom? Need to get it it done quickly for a hard money loan.
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Hello Everyone,I close on a duplex this week and have already pre-listed the top unit for rent. It's only the first morning of it being listed and I have received 5 showing requests already. The unit is listed at $120...