Will S.
Pass through income to LLC to secure Commercial Lending?
Tax season is approaching!
I am a buy and hold investor in the DC area. Currently my properties each have their own LLC, and the taxes reflect the same. However, I know that down the road I would like to break into co...
Francisco Solano
Business Partnership Detailed Agreement
Hello BP! Looking to see if anyone has a basic template of an operating agreement for a business partnership of two parties involved in the fix and flipping business? We want to detail the responsibilities, capital co...
Nikki Closser
LLC in both mine & my husband’s names? Or just one?
Is there a strategy or good reason to only put our LLC in one of our names versus both of our names? I already have my own business unrelated to photography, so I already have an LLC without my husband as part of it. ...
Andrew S.
Etiquette Question - Contacting Owner of Condo Headed to Auction
Hi there!First time poster here. Excited to learn more from this community and hopefully meet a few folks too.Question for the board - I've been loooking at a condo that will be up for auction in two weeks. It fits ni...
Kyle Kipka
Expenses across multiple properties
I self manage a portfolio of 6 units and am wondering about the correct way to account for general expenses that span multiple properties as tax deductions. For example, things like tools or building materials that I ...
Mike Campbell
What your offer be using these numbers
What would your offer be, rough estimate?What would your P%I be ?21 units total gross yearlyincome 201,6005% VacancyExpenses PM 10% of gross ?Taxes 32k yearInsurance 16k yearmaintenance 10 % of gross ?Common area util...
Nathan Moore
Banks that will work with BRRRR stratedgy
I'm looking for a bank or banks in Texas that are interested in working with the BRRRR method of investing. The local/community banks dont seem interested and they all want to use variable interest loans. Does anyone ...
Darrick Richardson
Which is more effective? Mail Marketing or Cold Calling?
Title pretty much says it all. I am just beginning. I have a list of properties I got from driving for $$ and have done the skip tracing. Are people generally receptive to phone calls from investors or should I sta...
Farley Youman
gator lending and the pros and cons
I have recently looked into Gator Lending. Although I have read 60 books on real estate investing (and completed fix and flips for profits), I do not know a lot yet about gator lending and the pros and cons- and most ...
Teresa C.
Can an llc accept cash rental payments from tenants?
Hi, I was told by my real estate lawyer that I can no longer accept cash rental payments from my tenants now that he created a series llc for me. Is this true? I just find it odd since I've seen other "llc" companies...