Hi BP Family I was wondering about the costs affiliated with  a LLC, and what is the best way to set one up. Meaning should I go through a lawyer, accountant etc. or would legal zoom be good enough. You see I want to ...

From what I've seen on youtube, the bill contains the following:1- Free rent for all tenants across the US regardless of income for a year2- Landlords can file for Government assistance which comes with the following ...

From a tax perspective, after consulting a CPA friend, these are pretty much the same. At this point I want to start up and incorporate but am unsure the legal differences.

I am forming a partnership (two people me a...

Here is the standard answer to all legal and tax questions: it depends. In this case, it really does. We have to start by answering 3 critical questions:
What kind of real estate business?Did it actually start in 202...

I met with a bank today who presented a securities-based LOC that can be used for real estate purchase.ScenarioCurrently this bank has none of my business. I gave them a financial snapshot and they came back with a de...

My husband and I have an LLC for our flip business, which is also a licensed general contractor business, in Oregon.  I personally also have my Oregon real estate broker's license, which I obtained to help with the bu...

I've got a property that I've owned a long time and it's been depreciated down to practically nothing (condo, so no land). I'm selling and I have a buyer if I will hold the paper. Say I get 20%dp, interest only and ...

I understand that when we finally make our first deal, that property will be in its own LLC. But regarding the ownership of that LLC, my questions are:1) Do we need to go ahead and form a Corp now before we have any p...

To make a long story short, I just purchased a SFR out of state that was occupied with a long term tenant. Well the tenant decided to move out a week before escrow closed. On their way out, they left a few broken wind...

Hi All! I've beem researching the Rochester NY amd Buffalo NY markets for approximately a year now while listemimg to the podcasts (up to number 97) and educating myself as i go. im 27 years old and intend to retire b...