I'm looking to buy my first multi-unit shortly and would like to create my first LLC to go with it. Michigan is very cheap to create an LLC so I figured why not.How should I structure this, especially if I plan to buy...
Hey guys,
I'm 26 years old and from rural Kansas. I grew up on a large family farm that I still have ties to this day. I now work as an consultant to other farmers assisting them in production. Now that you know a li...
I've created an account on this forum solely to seek advice from other property managers about a situation in my workplace regarding my commissions being garnished.The backstory is that last month our occupancy was...
Hellolet me first briefly introduce myself - i am a San Diego resident with a couple of properties in the Phoenix area. I would consider myself a newbie investor and still learning the ropes of the RE game. I just fil...
I've been hosting AirBnB guests on our properties (locally here in California and remotely in France!) with success. The best part is, I'm having a blast while doing it.I think my enthusiasm caught the eye of some loc...
So here's the scenario. A friend recently went to inquire about job opportunity w/ a consulting company that is working for her current company. The consulting company is outsourced to do similar work as employees o...
Why do many investors say that you should keep your property management business in a separate LLC for tax benefits? What exactly are the tax benefits?
I do so the logistical benefit - if you have many proper...
I have a Series LLC I use to collect income for my consulting business, but the income goes to my personal checking account. If I created a child series to hold an investment property (not collects rents though, just ...
Hello,
I'm looking to purchase a property in Burlington, but I don't have a great feel for the scope of work needed. Is a 203K consultant the best way to evaluate a property...and if so, when do you bring them in?...
Say I'm a freelance consultant in a non-RE related industry where I bring in a lot of income but have very little tax deductions. Say I also have a rental property that is generating low income but it has a lot of tax...