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Currently 1/3'rd owner in 4 LLCs that each hold a separate single family residence rental. The 4 LLCs are subsidiary LLCs to a parent LLC. If we sell one of the houses is that considered a distribution and we have to...
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As far as business goes in the LLC vs S Corp vs leave in personal name question I am probably thinking of going the S Corp route since it is noted on here in some posts that some courts are piercing the LLC protection...
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Being in the military, you have a distinct advantage of seeing great markets and purchasing homes with no money down through the VA loan. One downside I see is if each property is usually in different states and will ...
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Hey BP, I used PCS recently to open my holding company and LLC last week. They had pitched the "Corporate Financial Program" to help build the paydex up and move all my debt into the LLC and build corp credit. Anyon...
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Hello BP,I feel that I am at the information overload stage from all the amazing stuff I've discovered on this site. I have made notes as I read through the forum posts but have yet to consolidate them.As it stands, I...
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Hey everyone,I am trying to reduce my dependence on vrbo/airbnb, by using furnished housing sites in addition to the "vacation rentals" platforms.I see corporatehousingbyowner.com ($230 to give it a try), sublet.com (...
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My FIL paid off his home, moved out and has given it to us as our first investment property to get started. The as is appraisal came back at $375K and we have taken out a HML of $120K. Once rehab has been completed AR...
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(Moderator the short term subject option does not come up on my tablet.)Bpers I got this email today."I have a client in need of a 1 month, short-term lease. The insurance company is willing to pay approximately $500...
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Develop a process map for learning REI.Your reading posts, watching podcasts, books, seminars, etc. But in no particular order, just randomly. Then you have to keep all of that info in your head. Since you did this...
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Hey Guys!!!
I am in the beginning stages of becoming an investor and I plan on focusing primarily on flipping houses. I'm in the process of doing a lot of research and within the next month I will obtain my LLC lice...