What do hard money lenders mean when they say entity borrowers only? Thanks!
Hi all,
I’m working with 2 others to start buying properties to hold and rent out. I’m aware that having properties under an LLC is a smart move for liability protection, I’m just not sure which business entity forma...
Hi BP Family:I apologize in advance if this question has been answered in previous posts. I did several searches, however the results seemed to be fairly scattered and I wasn't able to find an exact answer to my situa...
My fiance and I are buying a multifamily home to owner occupy. We are going 50/50 on it. However, I'm paying with my own money. And he is getting private lending. His private lender is a family member, who is proposin...
Hi BPers,I am looking into setting up a LLC company for a note investing company based in Memphis TN. I am seeking some legal and accounting recommendations so I can ensure my company starts on a solid foundation. Any...
I currently have 3 free-and-clear rental properties in a single-member OH LLC (I live in CA). Since that LLC is a disregarded entity for tax purposes, I use Sched E on my personal return to account for the OH rentals...
I have been reading some of the post here about LLC's and Land Trust and I wanted to try to get some clarity.
1) I live in Florida so would I need to create a Land trust in another state(VA) in order for it to be mo...
What is the best entity for property management? This seems like a simple question, but behind it lies the structure for your entire business and strategy for investing. I am a buy and hold investor who strives to b...
Hi Everybody,So I am a new RE Multi Family Investor, and need some advice on what Business EntityI should initially setup. Here is some criteria.1. I will be the sole individual in the business2. I will be partnering ...
Hey everyone,I'm a Canadian investor that is looking to start a 3-tiered corporate structure to enable greater tax savings. The issue I've had is in entity creation and legal rights for funds.My aim is to create a RE ...