Ian Kinder
LLC or Personal Name
I just bought my first investment property in my name (all cash) in the Detroit Michigan area. Before I file the home transfer affidavit and submit the shorter rental application with the city and setup utilities, sho...
Ben Durtschi
Aspiring Landlord. Wanna do business right, need tips.
Wow! Love this forum! I've wanted to invest in real estate for over a decade, but I never really had the stability to do it.
My family and I live in the Springfield, MO area. We've been renting out our prev...
Tony C.
Filing a 1065 Partnership return Husband/Wife vs Schedule E
We (husband and wife filing jointly) are looking for a CPA. While interviewing CPAs to file our 2012 taxes we are trying to determine if we should file a partnership return or listed all of our properties on our ...
Cameron Norfleet
Ethics & Discrimination…. A question of Right vs Right!!
Ok so I was having this debate with a local landlord and I’d like to hear your opinion…. You charge $25 for your application fee. You show the house to a nice couple and they want to apply but they don’t speak, read o...
Account Closed
Asset Protection with an LLC
Hello all,
I am interested in the topic of asset protection via an LLC. I am also interested in all of the tax benefits/advantages associated with claiming business expenses, so…. forming an LLC for a rental ...
Jayson Damian
need Step-by step advice paying off parents mortgage w/ HELOC
Hi guys im trying to payoff my moms house with a heloc from my primary residence. How do i go about doing this. Is there going to be tax implications and whats the best strategy. Tax wise and investing wise Thanksshou...
Lari A.
LLC Confusion in Florida!
Hello BP Community,I've been reading the BP forums (and others) regarding forming LLCs, and oftentimes the information in one post/article negates what's in the next. My confusion lies in the varying information conc...
Anthony Panepinto
Putting $200k to work in Ontario
Hey, I'm looking to put $200k to work in Ontario. --Let's run through an exercise, if you had $200k to invest, how would you use the $200k to get the best returns?Here are some questions to consider,What area(s) of On...
Sean Linnehan
Seeking recommendations for banks to use for multiple bank accounts
Each of my rental properties is held by its own LLC, and each LLC is owned by a holding company that sits at the top (which is owned by me). Each LLC needs its own bank account, but as I scale, I am looking for a bett...
Luke Henson
Tapping into Rental Property Equity without cash out refi
I have an odd situation and I'm hoping someone may know of a solution.I have a Townhome rental property that has FHA mortgage with a 2.625% rate and I was able to get the PMI removed through a fast track refi earlier ...