I'm currently running the numbers on a property in my area that I believe has great investment potential. It is a FSBO that is owned by an elderly couple who are very motivated to sell. I plan on doing a final walkthr...
Talked to an attorney yesterday (large downtown firm) about forming an LLC(s). She said you have to maintain it by having meetings, writing resolutions about decisions and keeping minutes. Really? By myself? How do yo...
Newbie closing on my first property, how do I keep my rental income separate from my personal accounts if I don’t have an LLC and therefore can’t open a business account? Should I just open a separate checking account...
Dear Forum,My understanding is that an LLC protects your personal assets from being sued by a renter. But what about the equity in the rental property that is under the LLC? Can the renter go after ownership of the ac...
Hi all, I need help with using FaceBook for my rentals. I keep hearing some landlords use Facebook to market their vacant units and they are very successful at it. I'd like to try doing this as well. Here's my situati...
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Hello everyone,
I am a new investor and am trying to set up my business entity before I dive into the game. I have talked with 2 attorneys and both have given me the opposite advice. One said to create a LLC (singl...
I currently have 6 single family rentals and 2 flips at the moment. My goal is to start treating real estate as a separate business (I also have a day job). I have an LLC set up with a bank acct and all that. But the ...
So my insurance agent is wanting to insure a investment property, Umbrella policy, a truck and 2 trailers(these are all for business use only) into my personal name there at the insurance company but have it to where...
How did you manage leases with multiple people paying rent for a single family home? Did you have 1 person collect rent and pay at once? Or did you have them all pay separately? Also, did you have everyone sign the 1 ...