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A recent thread pointed out the need for an Operating Agreement which led to maintenance rquirements of an LLC.
Not only do members need to have an Operating Agreement but the corporation needs to be maintained.
Min...
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How do you go about transfering a property you still owe on into an LLC ?
And..is it even necesary for tax / legal purposes ? Meaning - I'm going to form the LLC for liability protection but wonder if I need to then...
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They leave oil stains by their garage without cleaning up.
The other tenants say they leave trash lying around all the time, and that they leave their vehicles parked in a way that gets in the way of the other tenan...
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Hi everyone!
I just signed a lease back in May, 2021 which unfortunately does not align with my real estate investing strategy, house hacking. I hadn't done enough research to settle on a strategy before signing the...
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I am a little confused as to where the title company comes into play during an assignment of contract and any help is appreciated. If I have a home under contract and have yet to find a buyer, is it necessary to hire...
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Does a commercial build-out of offices in an office/retail space have any bearing on cap rate? For example, suppose I had an appraisal conducted with a proposed floor plan of a building I'm renovating after a fire wit...
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Hi BP community,I am wondering how does property taxes work in US? I will be using a LLC when purchasing the property then have an Holding LLC as I will be thinking long term with multiple properties across various St...
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Fellow Investors,
My rental unit has a floor drain that is slightly backed up. This floor drain is tied into my tenants kitchen sink (kitchen sink does not seem to be clogged according to my tenant). I had a drain co...
My husband and I are very new to the Real Estate investing business. We have yet to close and seal a deal. Unlike him, I feel as even with what’s going on with the COVID-19 we should still be persistent. I guess it’s...
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A few friends and I were discussing how to “crowdfund” a real estate buy and hold company. The basic premise is our friends and family would invest x dollar amount for x # of years. I saw “crowdfund” because we are lo...