So it is recommended to have each property in its own LLC. However, having to run separate books for each entity is a hassle. Is if possible to have one LLC own multiple LLC.s ? Then just run one set of quick books ...
One of my tenants in Bakersfield, CA has been only paying partial rent for more than a year claiming covid impact. However their recent application for state rental relief was denied due to their income being higher t...
This is my first rental property (townhome - 3 units) and I am drafting rental agreements. For those of you with experience, what would be your recommendation on structuring late fees? Should I do one flat fee? Or ch...
I want to syndicate a deal that will be around $600,000 (2 duplexes). Must my investors be accredited investors? What are the rules regarding this.I plan to pool the money with a few friends of mine. Can we do this wi...
I'm just creating a search engine trail with this post. :-)I originally requested $20-25,000 in funding preferably cash. When I spoke with Carl (Bernie) Garland he said that they could probably get me twice as much wi...
We are currently seeking to do a deal with financing provide by Direct Commercial Funding Inc. from Houston, TX. To ensure they are not a scam operation that just capitalizes on upfront fees and doesn't provide fundi...
What is the worst case scenario when using a hard money lender. For instance if you purchase a property it cash flows $300 and then the market heads south. Now your cash flow is negative and you can't keep up with mor...
Hi All, newbie here. I purchased a property in a Del Webb 55_ community, with my parents in Indio CA, 3 years ago. My parents have been living there until recently when I had to move them back to the Bay Area due to h...
I have properties in Ohio and California. Curious how have people setup properties? Do you have one overall Trust and LLCs under each property? Or do you use a series LLC?Could use some guidance here.
Investors seeking to optimize their assets, defer taxes on large capital gains, and secure their financial future often explore various trust structures to achieve their objectives. Two popular options that have gaine...