so i want to finally get a name and llc all set up for my business so i can legally be called a business and pay taxes to those lovely irs people :)anyways, wanted to know if there are any ways that are better than an...
Hi BP Community,
I'm in the process of setting up an LLC and have questions regarding the initial funding of the LLC. The plan is to purchase a property under the LLC but in order to do so, I assume I would need a se...
Hi everyone, I completed the purchase and renovation of my first rental property this fall. It’s rented out as of Oct 1. So my next step is to set up an LLC (in process) and then cash out refinance to fund my second p...
I have 6 rental properties & have been advised by an attorney group to open 6 separate LLC's . All the deeds will be transferred into the LLC's . This is causing absolute chaos for me now with my insurance compa...
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...
Using the 50% rule as an example, on a house that rents for $850.So $425 goes to expenses/vacancy. Is it best to deposit this portion in a separate bank account? So for those that have multiple properties, are you usi...
Would you lump all your investment property finances into one bank account or do you prefer to spread them out among several banks? What strategy would you choose? What strategy have you taken?
I am on the fence on making a LLC or just getting a liability umbrella. I live in Illinois and because they are digging for any kind of money they can get their greedy hands on the basic cost to file electronically is...
I know that I want to move forward and become a real estate investor. I am buying some books, accounting software and incurring some legitimate business expenses like mileage as I look at potential properties.What is...
I just bought a house and turned it into a rental. I created an LLC for this property. My biggest confusion with real estate is knowing what documents I need to file and being organized with my property. I feel like ...