Tim Hawkins
New LLC and EIN vs TIN questions... literally no idea!!!
Hello,
I'm not sure if I've bitten off more than I needed to, but the more answers I get the more questions arise... My situation is this: My wife and I own a single rental property (at this point). All of the assoc...
Carson Waller
Starting an Business Entity Advise
I am planning on starting my Real Estate Investment journey in the next 12 months and am setting the ground work. I am partnering with two business partners and am trying to figure out how to structure our business. W...
Account Closed
She continues to lie
I invested in 2 contracts in July of 2019. Every single payment was late, and needed to be chased down. My last payment was for January 2021 and I did not get any response from her or her people. I decided to post on ...
Greg Smith
Can I lend my LLC money?
I ambuying a house through my LLC with mostly personal money. Can i buy a house, pay 20% from the LLC account and then make a loan to the LLC for the balance? Is that necessary? I try to keep personal and company m...
Mike Wiesenhart
Property LLC and parent company bank accounts
I have my investment townhouse in an LLC. I also have a parent company that owns that LLC. I have a bank account for the property LLC right now and want to open a bank account for the parent company. I don't want to r...
Ben Volkman
Bank Account Set Up for Expenses
When looking at expenses related to a property (vacancy, HOA, utilities, PM, repairs etc), how is that set up within a bank account? Do you lump them into one account and then dip into it when a vacancy or other expe...
Robert Washington
Creating a series LLC
Biggerpockets fam,I want to create a series LLC to buy property in Reno NV. My intent is to buy one property in NV and more in a different state.However, I'm curious if it would be better to just create a regular LLC ...
Luis M Diaz
Looking for CPA in Berwyn IL
I sold my single family home in 2018 and bought a 3 unit rental property. I did a lot of work to the rental property and need a good cpa to fill out my taxes. I tried turbo tax and wasn't too happy with the results. P...
Shawn H.
SMLLC Tax election with CPA
I created a Single member LLC at the end of last year. I called my CPA to ask about any consequences transferring from husband/wife to SMLLC (myself as the sole member). He mentioned that I would have to choose partne...
Roger Lin
One company v.s. a bunch of companies
What was the first you did when you started investing in real estate? Mine was to start an LLC. My training and experience as an attorney told me that protection against liabilities is a very high priority. Seven ye...