Josh Trup
Advice on Finance setup for first rental property Duplex
Hello all,
In the middle of acquiring my first rental duplex in Ohio as an OOS investor. I have two major questions.
Should I open an LLC for it?Should I open a new checking and savings for it? (mostly what ive read...
Sean Robertson
LLC to run your rentals through ?
New to BP. While networking I meet a realtor that said he started a LLC to run all of his long term rentals though. Any thoughts on this? Would it be wise to do for short term rentals as well?
Thanks
Amit Shukla
To LLC or not to LLC
Sorry for bringing up this topic again. After going through multiple post on this topic, If I summarize, some people are saying that it is necessary to have it under LLC and some don’t. I understand that everyone's sc...
Mindy Jensen
What "over the top" thing do you do for your vacation rentals?
I'm in the middle of a big road trip with the family, staying at multiple AirBnB's along the way. What "extra" amenities do you provide to make the stay special?@Paul Sandhu, I already know yours.
Mark Forest
Insurance value
Do most of you insure your properties at real cash value or at replacement cost? Do any of you think it is worth the larger premiums to insure at replacement cost? My primary concern has always been liability from l...
Ivan M.
The Basics.....
Long story short..I have one rental (been renting it out for past 10 months) and it is fully paid for and I want to be legitimate with taxes, deductions, etc. I want to keep things as simple as possible, so I guess...
Tim Wilderbeeste
Wells Fargo won't allow us to place property in LLC
As some of you may recall I made some inquiries on here a few months ago about the best way to protect our real estate holdings by placing them in an LLC. Well we consulted a lawyer and began the process through him o...
Michael Plaks
5-yr depreciation - for tax geeks
On a different thread, I was challenged by my usual sparring partner @Eamonn McElroy. Our purely theoretical disagreement was over a $100k excavator to be used in a rental business, which I'd call a stretch to even co...
Jerry Alvey
LLC structure and tax advice
If I own 2 LLC in Texas and one in Oklahoma would it be best to open one umbrella LLC at a bank and list these 3 LLC's under it? I'm looking for protection and to pay less taxes.
Garrett M.
Asset Protection tip with questions!! Pennsylvania
I need to learn more about asset protection in regards to real estate in PA. I have a small portfolio of single family rentals and I'm moving toward an asset protection plan. I am also in the process of doing estate ...