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Hi! My husband and I are preparing to establish an LLC for our buy-and-hold rental properties. Does anyone know how Virginia taxes LLCs comprised of a husband and wife? (e.g. sole proprietorship, partnership). Thanks ...
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I have not posted this update in a year or so. Quick background, I started in real estate with my biz partner Tom full time in July of 2013. Since then we have bought nearly 400 houses, borrowed and paid back nearly...
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Hey guys I'm wondering what your thoughts are on having/starting a basic website as a new wholesale business; initially for the purpose of credentials? I know that some people might not find a business/person credible...
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Tried to delete the duplicate. Rich
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Hello all,If I am just getting started in investing, and am planning on picking up a few properties this year and then scaling, I wanted to know your thoughts about opening a business.Is it recommended to open an LLC ...
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2019 is the first year we start to receive rental income. We have 2 rental units located in different parts of new york city. My husband and I both work full-time W-2 jobs. We manage the units ourselves and one of the...
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Hello,
I'm thinking about partnering with an airbb company who assigns the lease to another individual to sublet on airbb/vrbo, etc. They say they will sign my lease and also sent me an addendum to sign allowing the...
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Why is it Important to Enforce Your Lease?
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Hello everyone! I am getting myself more and more confused with each thing I read regarding which business entity is best for me. So here’s my situation..I am about to graduate college and will be working in my field ...
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My fiancee and I own a rental investment property under our LLC (structured as partnership; 50%-50%). The property was bought with cash in August of this year, and it's in San Bernardino county, California. We just ...