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So me and my father-in-law have verbally agreed to form a partnership for investing purposes. I've already opened an bank account for it. I put in 75% and he put in 25%. Anyone have a form to make stuff like this o...
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hey so - I turned my first SFH into a rental.. I'm not making leaps and bounds of money off it by any means but it's a start!my question is - i'm going to be opening a business account to try to keep all funds separat...
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Hi. I am planning to buy a condo with my friend and have couple of tax related questions. I am a foreign national living abroad. we are buying a condo for $500,000 with 20% downpayment and a mortgage which will be in ...
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I'm looking to move my single family houses into an LLC instead of my personal name.
By doing this transaction, will the county recorder consider this a sale of property thereby re-assessing the property value for pr...
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Hello BP Community! I recently started renting out 2 of the 3 rooms in my house to tenants. I also created a business account for myself where I put their security deposits and monthly rent. I calculate out the uti...
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So I know this a long running debate about whether a LLC is worth the trouble particularly due to the well known issues of getting conventional financing for one. Many people passionately encourage having every proper...
Hi new to forums, and to the world of real estate, Please excuse my ignorance if any, your feedback is greatly appreciated. I purchased my first investment property (2Fam) with cash (raised from investors)The house wa...
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Attn: I don't need a lender because I already have one. This post is only about the strategy of moving a 50/50-held personal asset to an LLC-held asset, including a mortgage. The purposes are to buy out my partner + h...
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Hi all,I used to rent my home on Airbnb and recently received a request from someone interested in renting my house. However, this person is requesting the rental on behalf of his company. (it’s a legit company). the ...
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Hi all,My wife and I were looking to bid at an auction in two weeks on a preforeclosure home. We got a notification today that the sale was cancelled due to reinstatement of the mortgage. The owners filed bankruptcy i...