When an applicant is needing a guarantor/co-signer, do you make the guarantor/co-signer fill out the same application as the one who is applying? I fill like the answer is yes, but wanted to know what everyone else do...
Hi BP,Started picking up rentals late last year and have 1 Condo that is currently rented. I will be picking up another 12 rentals this month and likely a few more by years end. My condo currently is under Company ...
Hello. I am purchasing a 4 unit building with 4-1bd/1bth units. Each unit has a living room and dining room- seperated by a wall. The entry is in the dining room, which would allow that to be used as the living are...
I have seen several investors do this, but cannot fully understand the benefit, and I am pretty well versed in tax and entity structures.
Situation: multi-member LLC owning rental properties and only has pass...
Hey everyone I'm currently located at Williamsburg, VA. I own a single-family home and a town home in the state of Tennessee (Clarksville and Johnson City). I'm the military and I'm looking for new opportunities to ...
Hello to all and thank you for taking time to read my post. I'll get right to it! My wife and I have planned and saved for quiet a while now to begin our real estate investment journey. Over the years I've read books,...
I am a successful businessman with a skill set in insurance. I am the owner of several performing properties acquired over the last five years with my partner.
We are looking to build a better system of devel...
Hi - I'm a new investor outside of chicago and wondering if I should establish an LLC or establish an LLC in a different state. I'm only asking because Illinois charges 4x other states for annual renewal and the init...
I have some properties mortgaged under my name. Is there any limitations with claiming the mortgage interest as expenses on the LLC tax return? the properties are under my name but the LLC manages all income and expen...
How do you divide the profit if its a group of 4 ?How do you file the taxes? The LLC would be shared amongst all? Im new to all this and want to understand these things to go over it with my group.