Jeff Morris
Setting up company/corporation
This is my first post on BP. Looking for best info on setting up company for investing business. 1. is there a one-stop source on BP that I am unware of, or other source I should look at?2. What type of corp is best, ...
Jennifer Hollstein
Renting a 2BR to a Parent with 2 children of different sex
We have a recently divorced applicant wanting to rent a 2bedroom apartment. He has 2 children boy age 9 and girl age 13. He does not have the children full time but he does weekends and other random weeks.I was under ...
Olga Fomenko
Wyoming LLC with member resident from California
I'm starting an LLC for money lending business. The attorney suggested to open a Wyoming LLC for tax and asset protection. My issue is that a managing member lives in California and the operations manager lives in Flo...
Miranda M.
Operating LLC but home under my name
Can I create an "operating LLC," keep the house in my personal name AND still be protected? I ask because I just purchased a property in Austin, TX. In TX, we don't pay income tax. We pay property tax. To protect home...
Brian Christensen
LLC for home turned rental or sole proprietorship
I plan to buy a new primary residence and rent out my current home. I have an LLC set up for real estate, but it is not being used. My question is regarding putting it into my LLC when I rent or leaving it in my own n...
Vitor Rodrigues
Put rental properties into LLC when moving abroad?
Our family is moving abroad for a few years, and I'm questioning whether it would make sense, and what would be the benefits, of putting our rental properties in an LLC. It's 2 properties, single family homes, in the ...
Sean Timper
Pros/ Cons of placing your primary residence under your REI LLC in Virginia
Hey BP Fam, I had a thought about what would happen, and would it be worth it, to place my primary residence under my LLC and then charge myself rent to live here. I saw a bit online that stated it could be worth it i...
Mary R.
Owner of 1/2 of a house
As owner of 50% of a house, what items should be in a contract with the other half owner to protect us both as singly and as partners planning to hire a management company and rent the house? Both owners are out of st...
Evan Howe
California LLC question
I live in CA and am about to purchase my first OOS investment property, targeting Cleveland OH. I am looking at an LLC vs SP, with the LLC registered in OH. I know CA has an $800/year fee for any LLC “doing busines...
Robert D.
To LLc or not
Hey all! Man Ive got to say I love this site! Great job!!
So here's my question. I own 3 properties free and clear. I live in the 3rd property. I will be financing a 4th and will be my residence. This 4th property I w...