Hi BP,I have done readings on LLC setup for rental properties. I am now confused as I kept seeing different ways people do things. I have consulted with 2 different CPAs before and they told me 2 different ways.We cur...
Hi, I'm Dan and I am from Northern Utah, the Ogden area. I am not too sure what to say here. I have been listen to a bunch of bigger pocket podcasts and read everything I can find online, all this over the last 6 mont...
I'm considering getting a first rental. I'm considering getting an LLC mostly to protect current personal assets. Would you suggest to get the LLC or not and why? Is it possible to get a mortgage for the LLC?
Hello. Looking for some guidance. I have spoken with an attorney briefly but would like some thoughts from others.Context:I had a 9 month tenant, upper scale property and tenant, $19K security deposit.Tenant vacated...
This is a long shot here but we've run out of options, wondering if any investors would be willing to fund a lawsuit to get our family farm back, we have 76 acres of prime land on HWY 12 in Sauk City, WI. Would be wil...
I have a legal question regarding SCRA. I own in a military town and my tenant knew they only had 11 month military orders but they were willing to sign a 12 month lease. Fast-forward 10 months, my tenant is trying to...
Hi Brain Trust,
My wife and I are purchasing a property in St. Louis, MO where we are both on the loan and title. I was planning to quit claim the property into my LLC after we close on the property. My wife still ne...
Hey everyone, I'm a new investor who recently purchased a property in IL without doing the due diligence part because I forgot to do it at the time. I've since gotten the title search done and have received the sale o...
Hello,My wife and I are currently looking into real estate investing to create passive income. We are looking at long-term rentals of multi-family homes. We plan on using the FHA loan for the first purchase in order t...
I am looking to invest in a syndication using my retirement accounts. I had intended to open an SDIRA to do this, but the operator of the syndication suggested an eQRP (fancy word for Solo 401k) to avoid UBIT tax. Bas...