Hi,I wanted to check how this entity structure works. If there is manager-managed umbrella LLC and have property LLC with member as umbrella LLC. Can we get EIN for property LLC using name, address and EIN of umbrella...

If you own real estate in a single member LLC, can you pass mortgage interest payments to be deducted against other personal income?  Or only against LLC income? thks

Hey, I am new to REI and am undecided whether or not to take out a personal loan to quickly amass my down payment for my first property?My wife and I both recently moved to Texas, have good jobs with no prior except l...

Hello,

I'm planning to start a corp for REI purposes, most likely an LLC. I was told that buying a seasoned corp. and just become the personal guarantor for line of credit purposes would be best. I am really unsure o...

I am going to be closing on a 3-plex with a VA loan in the next two weeks or so. I think opening a new bank account to receive the rental income is what I am going to do. I would like to make it a business account, ho...

Hey BP family! I close on my first property this week and after closing, I'm wanting to get a business credit card to use for rental expenses purposes, particularly the things I'll need to purchase to prepare it for r...

I am  very interest   and eager to start in real investing. I just started to read some books, because i  like to read, and maybe i will learn something valuable.  I have seen many articles, saying to start in one thi...

I own a trucking company (semi trucks) and a few of them i have personally guaranteed and appear in my credit report. My question is, in Texas my Taxes are usually net negative due to the ability for depreciation on t...

Hello -I'm wrapping up repairing my first purposeful rental property (Yay!). Anyhow, I have hired some of the work out and paid that work with a personal checking account. Some of the work I did myself and bought mate...

Purchasing second rental condo... Thoughts of owning in personal name (with spouse) with umbrella coverage vs owning them in a LLC (SM or Dual Member matter? I know taxes are a bit more complex as Dual member...)
Als...