Ron A.
Wyoming LLCs and Foreign LLC Requirements
I have been researching corporate structures and am getting some conflicting information.
A tax adviser is suggesting that I setup an LLC in Wyoming, with a trust as the owner, and with me as the sole beneficiary o...
Andrew Reis
Opening Up Tenant Escrow Account before choosing tenant
Hello - I am told I can open a tenant escrow account before choosing a tenant. How do I open a tenant escrow account without having tenant W9, a SSN and a birthdate? Called one local bank who said I would need my SSN ...
Damon J.
Bank Accounts for Buy and Hold Strategy? Starting Out
From what I have read I should have an account for security deposits and an account for rent and expenses that are separate from my personal account. Assuming I will be targeting 10 properties here are a few questions...
James Wise
Cities in America with the WORST Landlord Tenant policies
I was browsing through the forums and came across a thread started by a landlord in Portland, Oregon. Long story short, I discovered that Portland requires their Landlords to give tenants a 90 day notice anytime they ...
Abe B.
Bank Accounts + Landlording
Hi there,
I'm about to close on my first property (6 doors) and am realizing that I don't know how to collect rent in a convenient fashion for the tenants. I have been told to use Baselane so that they can ACH transf...
Patrick McGarry
Private Lending - secured loan with insufficient security
I am wanting to loan $100K to an LLC that buys, remodels, and sells houses. The borrower needs to secure the loan so that it can deduct the interest paid to me on its taxes, right?If yes, can the borrower secure the l...
Account Closed
Does business credit/debt affect personal credit score/DTI?
I have an LLC for my real estate startup, but I have neither the capital to get it off the ground nor the credit score to secure funding. I have a potential partner who I am willing to sign on as a 50% partner in the...
Seidy Lasker
Wash Sale Rules for Options
If you trade different stock options, can they still be considered identical for wash sale rules if they have similar dates on the contracts? Are day traders still subject to wash sale rules? Thanks
Shannon McKenna
Where to Focus First: the Deal Chicken or Funding Egg?
I need a bit of direction. I am a little newbie searching for my first deal, which will also be my first ever real estate purchase... a place I can "house hack" as I build up income for my second deal. I am looking f...
Doug Henderson
1st Syndication- first hand advice needed
Im looking for a tried and true syndicator to do my first syndication with. It seems a lot of syndicators have popped up in the last several years, and im looking for someone who has been through the trenches, especi...