My husband and I are under contract on our first rental income property and wonder if anyone has switched it over from their personal name to an LLC right away? Or waited.
Hi guys, I currently have 3 properties which together is 7 doors. Currently I have all of them under my name, is that fine or is it something I should get with a CPA about and get them under an LLC? Mainly for tax and...
Hi there,
We are somewhat new to real estate investing. We've bought and hope to buy a couple more next year. A couple of questions regarding cash flow. So after paying for Mortgage, Insurance, Property Taxes, HOA an...
I'm not quite sure on how to structure my bank account... currently I have a property account and a cash flow account, to separate the cash flow from the expenses, but should I be opening a business account and within...
I created a Single member LLC at the end of last year. I called my CPA to ask about any consequences transferring from husband/wife to SMLLC (myself as the sole member). He mentioned that I would have to choose partne...
I am a first time investor and I am wondering about moving my soon-to-be rental property into an LLC. Is this a good idea, why or why not? I filed for an LLC along with my application for a business line of credit. I...
To the married investors out there - do you and your spouse maintain separate checking accounts? I personally would have a hard time with it. Can you really be a happily married successful investor and keep your money...
I'm a newer business owner with a recently set up LLC and I was wondering if I should be more careful about how I pay for things for the business. Sometimes I pay for things directly from one of my personal accounts e...
Hi investors and happy arrival of summer! I'd highly appreciate anyone who could help to draw up a contract between myself as an investor and the seller as well as tenant buyer . Any shares of personal experiences and...
Hello I am currently setting up a bank account with my ADU that I am renting out. I am curious if there was a bank or app that you guys have used to keep your accounts separate, what kind of account, and how easy was ...