What is the industry standard insurance protection to have when owning just one rental? I understand that homeowners insurance is mandatory for any home whether owner occupied or non owner occupied, but what about add...
Question for everyone: I am selling my duplex and doing a 1031 exchange, we are currently under contract. I am teaming up with my Father to buy a different investment property. Here's the question: Because of financin...
I'm trying to figure out the best entity for CA resident/investors that want to invest both in and out of state. I know a California LLC is required to pay 800.00 a year annual tax. I am already doing that with one LL...
It appears from some reading that different entities are able to claim different business expenses against income.Can someone explain the differences in the allowed business expenses that can be deducted when using LL...
Hello, I've got a legal question, it may be a bit off-topic but maybe someone has an answer to this. I have a Wyoming LLC, need to register it in CA. Secretary of state website tells me to file Form LLC 5. One of the ...
I'm soon going to have 6 different LLC's containing different assets and business interests. Currently looking at a couple deals that could add a few more entities. I'd like to use Quickbooks Online or Xero bit can'...
Hi all - I'm looking for our first investment property. 41 years old, mid-career, and saved enough money to begin thinking ahead w/ some rental properties, or fix / flip. I have an LLC (just formed - haven't used it...
Is it possible to get transactional funding without an entity (as an individual)? I'm not looking yet just asking. All the ones I've seen want a company to take the title. I'm new so I am just curious.
Hi,Have a stupid question. For example, you have 4 properties. Now you want to do BRRRR with 2 properties with a refinancing cash out. Now my question (sorry if i’m noob). How to structure or create an entity that you...
My wife and I own about ten rental properties. They are all under our name. I spoke to my accountant about putting the properties under an LLC, but he said he didn't see any real advantages. I'm thinking about puttin...