I ran across an idea that might work. Its a little complicated and involves a lot of paperwork/time and might not be worth it from that standpoint alone. I'm still trying to figure it out a bit myself but here goes
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I was listening to a podcast this morning and the hosts were discussing the origination of a seller financed loan on property that they own to either hold or sell as a performing note. I have a rental property that ha...
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I would like to start flipping houses with my friend and his wife. I’m a busy professional and will be financing the flips. He’s going to handle the rehab and his wife will handle buying and selling the properti...
Hi.Last night at a dinner party I found myself in a conversation with an entrepreneur about taxes, corporate veils, etc. He asked me how my rental properties were structured and was shocked to discover that I persona...
Currently, I have many properties, all under one LLC roof. I know this is not the move... That is why I am looking to change this. I am curious how I should do this. I have heard of setting up a series LLC. But these ...
Hi all,A business partner (from Canada) and myself (lives in Illinois) are looking to invest in buy-and-hold properties here in Illinois. I was looking for insight on what would be the best business structure (e.g. L...
I recently bought a cash-flowing duplex and SFH home. I am house-hacking the SFH and the split will be somewhere around 28% personal and 62% business. Some of the money I used was my own, but I also borrowed multiple ...
Hello,I am looking to buy my second property this year and want to put it under an LLC. Any recs on companies that help form LLC formation, business structure and estate planning services? I want to make sure I form i...
In my first stint in real estate, I thought reinvesting in the business was keeping the marketing engine running. At the time I was running on direct mail. I thought reinvesting in the business was partially investing...
I went to a REI seminar recently and heard some new info on how to set up LLC, S-CORP & TRUSTS. The guru was saying to have your llc under an s-Corp for multiple reasons. 1. It provides layers of liability protect...