Hello, I am an active REI that has a successful company in OH. In a year and half I will be forming a new LLC operating in a different state where I plan to open and run a separate REI company under another LLC. I re...
Hello BP and CPA’s! Newbie question here: I’m buying a house with a “sub-series” (Series LLC in Texas). My question is should rehab money come from the same sub-series, or can/does home improvement costs come from the...
Okay, first let me start off with saying I understand that I should get an attorney and CPA to consult with regarding any legal/tax issues. With that being said, I'm curious how others structure their real estate busi...
Hello all,
As the title implies, I have set up my self-directed solo QRP 401k with checkbook control and trying to set up a business account. I know there are three known banks that deal with self-directed account...
Here is my statusI have 10 properties, two of them recently paid off. Ultimately I’ll do 10 LLCs for each one, but for now I have started two new ones for the paid off units, and the rest are still in one.I was told ...
Trying to find an article about putting each rental property into a separate LLCs or putting a group of rental properties into one LLC.Just looking for pros/cons of each approach. I've heard there are differing opini...
I live in Texas and recently purchased 2 rental properties in Ohio and 3 in Tennessee. I would like to know how to set up an LLC. Set up an LLC in texas (perhaps a series llc) to own the properties in the other sta...
I would love to hear who is using series LLCs for real estate investing...and for those that do, some of the ways you have implemented them in practice, like:
Are you setting up a separate bank account for each prope...
Hey guys,I wanted to get some advice on if this structure works. It's really hard to get in touch with some lawyers/cpas in my area, so I think I am just going to file everything myself. I just want to know what every...
I met with an attorney (I am in California, but investing out of state) about starting an LLC that we can use to purchase properties. I was shocked when my (California) attorney STRONGLY suggested that we need to hav...