Jon Klaus
LLC's - how much risk is there?
I was just reading on another thread about the old debate of how many LLC's do you need? Just one? One per property? Somewhere in between? The idea is to segregate silos of liability exposure. That's fine, I don'...
Bienes Raices
Why do you use an S-Corp for flipping?
I believe I've seen people here mention that they use an S-Corp to flip. I asked my accountant and he said there was no tax advantage to this (vs. an LLC). So I was wondering what the rationale was for the S-Corp.
Jeff S.
Withdrawing funds-LLC
What is a typical schedule when withdrawing funds from an LLC? Would it be monthly, annualy or does it matter? Secondly, what do you title them in your checkbook?
George Glessner
LLC Structure and Insurance
Hi All! I am in the process of creating my first LLC with a lawyer. I am planning on buying my first property this summer through this LLC. It will be a single member LLC. I will have a separate bank account for the L...
Soh Tanaka
Excel Spreadsheet for Landlords
I'm looking for a small number of people who own/manage between 2 - 10 rental units and looking for a good Excel spreadsheet to keep track of the income and expense. I would like to share the sheet I'm using and tryin...
Paul Passafiume
Tax preparation costs for business+ individual
Ok, so I got my tax prep bill and I think its way high. For discolsure, my accountant had to file 5 forms:1040 US tax ind return1040-ES Estimated TaxKentucky Ind taxKentucky Est taxKentucky Single member LLC tax retur...
Jonathan B.
Multiple bank accounts on LLCs ? holding structure question
Hi Guys,Currently own multiple properties (Sfr),they are spread out into various LLCs, having couple of properties in each LLC.these LLCs are all owned by and a subsidiary of a 1 holding LLC.Rent is currently flowing ...
Lauren Beech
Is a quit claim my answer?
Good evening everyone!
I am looking for some advice on the proper way to turn my current primary property into my investment property. I currently have a LLC that I would like to transfer my property into but I've r...
Stefan Ujkic
“Subject To” deal , first investment questions
Hello All, I’m trying to buy a triplex for $600k. Owner has a mortgage of $300k @3.375% and will carry $100k @ 2% if I put $200k down. Owner wants ballon payment of total balance in 12yrs. Current rents total $3500 mo...
Adam J santamaria
Good apps for collecting rent
Hey all, my name is Adam. I live in the Boston area. I own two investment properties. I recently moved out of my two family and I'm in the process of renting the unit I used to live in. I'm looking for a recommendatio...