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If you own multiple properties, do you have a bank account for each of those properties? How do you keep track of the finances if you have a say a duplex with two different sides/doors of the house that has tenants co...
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We just purchased our first investment rental out of state in Texas. We have an LLC in Wyoming, which owns the LLC in Texas that owns the rental property. We have banking set up for the Wyoming LLC, but have been tur...
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Hoping @JonHoldman has an idea for approximate cost to pull this off.
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Hi, I'm debating whether I should purchase umbrella insurance or setup an llc for my rental. Below is my conclusionIf lawsuit amount > umbrella coverage, I'd be liable for remaining balance and I could lose the ren...
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I'm looking to buy a house in this area and rent out part of it on airbnb. I'll be living in a small part of the house for probably just the first year. I'm a minimalist and don't have a lot of personal stuff, so this...
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Hello all, So I finally closed on an occupied property, home was owned by husband and wife, the wife is willing to sign a cash for keys agreement but the husband is no where to be found, wife says last time he has see...
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My wife and I are looking at purchasing an STR in the Island Park, Idaho area. It has been suggested to us to look for an insurance agent who is familiar with STR's in the area and so we are reaching out here to see h...
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Hi everyone,I currently have an AmEx platinum for personal use for which the annual fee is $695. I was thinking of getting one for my property's LLC and then adding myself as an employee with a separate card, cancel ...
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I’m a 22 year old college student at the University of Arkansas and I’m currently pursuing my bachelors in Finance with a concentration in Real Estate. I work for a local Real Estate company as an assistant to the fou...
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My wife and I are new to real estate. We have a home that we turned into a long term rental property. We are planning on buying more homes in the same city in the future. Should we set up an LLC for each property, or ...