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I have heard that you should be an LLC and then file as a S corp. My accountant to day told me that i should just be an S corp due to a few reasons. I am new in the real estate game and would like some opinions and...
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Hi,I am trying to figure out what coverage i need for my assets. I own several rental properties under an LLC. I have a $2M General Liability policy to cover the properties/business. Should i also have a personal umbr...
Hello, I'm looking for a reliable custodian to roll my company-sponsored 401k into a self-directed IRA. I'm looking to purchase rental properties to supplement my soon-to-be retirement. Also, I'm looking for any infor...
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I’m looking at a multi family in California that is currently rented out. I’m told I can’t evict the tenants and they can stay as long as they want. Is this correct?Looking at the law it looks like I can evict for maj...
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Do I need to form an LLC if I have just three properties ? How can I protect my personal wealth if I don’t form an LLC ?
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I've had this question in my head for a while and figured I'd finally ask it. Let's say you created a youtube channel for the purpose of creating a following & eventually making a profit. A DIY maker type channel...
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I have been offered ( by a CPA and Legal Buffet ) a reestructuring of my business with LLCs in Wyoming as they apparently offer the best asset protection as you can have a Nominee manager The scheme sounded great but ...
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I own 10 SFH and 20 parcels of land. I am a dentist and make a good chunk from that business yearly. I want to protect my assets and have spoken to a local lawyer, Prime Corporate Services, Anderson and NCH. A local a...
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Hello, curious to ask if I should create an LLC before I purchase a real estate property. I will most likely either buy a house hack, small multifamily, or partner deal with my first purchase. I understand that banks ...
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HI all,I recently bought a property that I would like to hold for at least 10+ years if possible. We are out of state. was wondering if it was a bad idea to buy a new washer and dryer. We wanted to avoid unnecessary i...