Mark Douglas
Do you have separate bank accounts for each property??
Hello all,I'm on the cusp of closing on my first property ^^ and I want to have as much in place as I can.I know I'm going to open up a second checking account for this first property, to keep it separate from my pers...
Chris Koetsier
Transferring Funds between LLC’s
Hi fellow investors,I would like to better understand the risk of piercing the corporate veil between multiple LLC’s. I have 4 separate LLC’s, 3 are single member and the fourth is a 50/50 partnership with my sister. ...
Ryan E.
Business Structure for holding/managing properties
In the past I've held properties in my name and received rents in my name at a generic mailbox and never had a problem. Also, I have umbrella policy that covers additional liability exposure for my properties. Now I...
Bill Dickson
Why is a LLC is important for your business?
Where do you go in your county to apply for a LLC.?A LLC has so many tax advantages for your business. So why doesn't everyone? Even as a wholesaler you need advantages.
James Lau
Tax questions with LLC
I'm about to invest in my first real estate deal. I'll eventually consult with a CPA on tax issues, but thinking ahead about tax issues. I'll invest with my personal funds but will be creating an LLC as a limited part...
Will Armstrong
First Property Purchase - Looking for Advice
Hey everyone!I recently purchased my first investment property and as a newbie, I have a few questions. For years, I've been reading and learning on the BiggerPockets site, but it's amazing how much you don't know onc...
Trace P.
Source of funds to LLC Bank Account
Hi BP friends,
I have recently set up my single member LLC and opened a LLC bank account. I have questions with regards to funding my LLC Bank account. I have some cash in my personal bank account and some cash from...
Greg Rose
Pennsylvania Investment property: Trying to cover our bases
Write your postHello BP community!I am about to embark on my new property journey.We live in California and the property we are interested in is in Pennsylvania.House is $50kTwo residential units with each bringing in...
Robert K.
Help - Setup my Series LLC and have 1 property...
Hello All,
I paid a real estate attorney to set up a Texas Series LLC for my real estate rental business. I am treating the main LLC as the parent/holding company and have placed one property that is paid for in one...
Joe Si
Same account for security deposit and rent deposit
WA state requires the security deposit account separate from your other bank accounts. As a new rental property owner, I'll create a new account for security deposit. Wondering though if I can use the same account to ...