Shahad Choudhury
Deduct partnership expenses without property in an LLC
Hello!I started a business in late 2018 with a partner with the plan to do rental real estate. We didn't have the LLC formed quick enough, so bought a Single family home in our own names and started rehabbing it. Thr...
Mary B.
SAY GOOD-BYE TO HUD-1
Greetings BP,I'm not giving any advice here, legal or otherwise, just sharing a reminder / FYI as October 3rd rapidly approaches, which is when the new TILA-RESPA amendments goes into effect. I've included a few links...
Jack Smith
Why do you think you should require your tenants be insured?
So whether you are renting to families, individuals or businesses, it's important as a property owner to require your tenants carry liability insurance. Why you might ask? Well there are several reasons for this. A si...
Todd Magin
Out of State Series LLC, Legal And Tax Implications
Apparently the formation of Series LLC's are only "allowed" in a few states. I live (and will invest in) Maryland, which does not allow the formation of Series LLCs. Is using a Series LLC as simple as forming it in a...
Leland Woodworth
Pros and Cons of a LLC
I am brand new to investing and was thinking about getting a LLC. What are the pros and cons? Should I even consider one if I don't have any properties yet?
Christine Wilcher
The debate between Personal name & LLC's
Hello! I am curious to know. I have purchased 2 properties via house " hacking ". I purchase, do a light rehab and then rent it out after a year or 2 so I'm slowly scaling. I started an LLC about a year ago because I ...
Allison Skelcy
STR - Tiny Cabins, Creative Financing and Land Options
Hi all!I am in the midst of hashing out the last few legs of my business plan. In short, the business will consist of placing 3-5 nordic-styled tiny homes on some land (TBD) in Northern Michigan. When it comes to fina...
Alexander Sheridan
Financing Suggestions to wrap up a rehab?
Any suggestions for getting a bit more money to wrap up rehab of a house I purchased with cash?ARV: $200kNo mortgage on the house. Typical credit score of ~800 but currently 630ish due to very high credit utilization....
Account Closed
Flipping Houses in Different States?
Hello, I had a question about flipping houses in different states, and the legality behind it.So, long story short, my S Corporation is doing the flips. It is incorporated with Wyoming (for obvious reasons), which is...
Jacob Munson
Benefits of an LLC when starting out
Hi! I plan on moving to Denver in the coming years and plan on turning my current residence (2B1B condo in San Diego) into a rental property. I have someone local to help me manage the property but I was curious about...