Steve G.
Collect rent under an LLC if I own the property personally?
Hey All,I am in the process of aquiring my next rental property and decided to finally put this one under an LLC. We have a dedicated bank account, insurance policy and the property will be held by the company.Now my ...
Dave E.
Lender Permission to Transfer into LLC
Single family rental is all settled in with a tenant with a 2 year lease, and a property manager. Had to close the loan in my personal name as I couldn’t find a lender that would loan directly to my LLC. No biggie, it...
Tanya Ansari
Business LOC to use for RE deals
Hello BP community!We are looking for ways of how to use Business LOC to invest in RE.Can someone explain in simple words how it all works? Pros and cons?We do have great credit scores, financial situation. We opened ...
Lisa K. Bruno
R/E Attorney Recommendations?
Does anyone have a recommendation for R/E attorney near Plano/North Dallas area? We need assistance setting-up LLC and need an investor-friendly attorney to add to our team.
Andrew Olson
Deed Transfer Texas LLC
I own a property free and clear and want to transfer it to an LLC that I am part of and the LLC is registered with the state of Texas. Do All I need to do is fill out a Special Warrantee deed and file with the county...
Daniil Kharlashko
Single Member LLC Capital Contributions
I have a Single Member LLC where i have gave an initial capital. I do cash based accounting.My question is since the initial capital doesn't count as income correct? then when i transferred a portion of the initial ca...
Michael Doll
Transferring Assets into an LLC
Now with the 20% tax deduction on pass-through income....how simple is it to setup an LLC and transfer a property to the new formed "company?"
Jasmine Wilkes
federal taxes
I just started my llc October of this year through the state of texas. if I don't receive any funds this year or do a deal this year do I have to file taxes? ive spent money on starting the company and filing and mark...
Jeff Smith
Getting a Clean Title
Recently, I found out about a house in Houston that was flooded and the seller wanted to ditch it. We spoke about the property and I found out there are some nuances that are going to require some time and work before...
Lucas Cookson
Help me understand this letter from ReconTrust
The letter states the following:
FULL RECONVEYANCE
WHEREAS, John Smith, is the Trustor, Bank of America, N.A, is the current Beneficiary and ReconTrust Company is the current Trustee under that certain Deed of Trust ...