Grace R.
Married couple - do we need two LLCs?
My husband and I have an LLC (incorporated in NV but we live in CA) in which we have 50/50 ownership. We currently 3 properties: a CA rental property in his name, an IL property in my name, and our primary residence i...
Nathan Birkedal
Multi-family House Hacking Loan Questions
Hi everyone, I am interested in purchasing a multi-family property. This multi-family will also be my primary residence. I have a friend who is also interested in investing with me. I will be the primary resident, whi...
Eve I.
Tenant screening and rent collection in Canada
Hello, I am going to start landlord business in BC.How do you choose your good tenants, and what method do you use for rent collection? Does anyone use background check services and/or online payment (other than e-mai...
Jim Froehlich
LLC Transfers Mortgages and Multi State Planning
Fellow BP Members,This post is looking for inputs (or links to other threads I may be missing) regarding three inter-related issues (I do have an Attorney, Mortgage Broker, and Accountant...but sometimes I gain more c...
Scott Kays
LLC/Personal Name Deed
Hello, Bigger Pockets community! I opened an account a few months back and have learned a lot from reading different posts and conversations, but this is the first time I've posted anything.Anyway, here's my question....
Danielle Tran
Recommend LLC or Keep Under Living Trust
Hello BP Community,I'm exploring options for a commercial property in Long Beach, CA currently held in a living trust. I've noticed many investors choose to transfer such properties to an LLC for legal reasons. If a p...
Account Closed
Which state to locate LLC?
We currently live in Oregon, we have 2 single family rental properties located in Arkansas, we're looking to purchase our 3rd property in Indiana. Our 2 current rentals are under our own name, but we are planning on s...
David Robertson
Rehab- Business Accounting Questions
I am currently looking for my first rehab project and had some questions on the accounting process. I am assuming that I will need to track the amount of money used for the repairs, holding costs, realtor fees, etc i...
Mitch Larrivee
How do you handle ownership and financing?
Looking at protecting myself as much as possible, I want to buy (hard money most likely) with an LLC. When you go to refi out, do you normally xfer ownership to your name so you can get a conv. loan? Or do you normall...
Andy Chen
Can I transfer mortgage and title to LLC?
Hi all,
I have a triplex with residential loan under my name. I just formed the LLC and plan to transfer the property to the LLC for protection purpose. However, I don’t know what to do with the loan.
Couple q...