I am hopeful that this question is not too basic.  :)  I have one rental property and wanting an LLC to manage expenses (avoid co mingling) and set up a more professional business structure for future purposes.   Ques...

I haven't seen another post about it so I thought I would start one.  I've read the 9 page tax plan summary.  Although very vague, it provides a framework for what they are going after and mentions several things I th...

How do you go about transfering a property you still owe on into an LLC ?

And..is it even necesary for tax / legal purposes ? Meaning - I'm going to form the LLC for liability protection but wonder if I need to then...

I own a Real Estate C Corp that Flips properties.   I also own a construction/ design company that gets paid from the C-corp through a 1099 each year when I do construction or design services for the C Corp. 
Averagi...

Hi all

I'm closing on my first property today a 3-family unit. I was wondering if I should set up another personal bank account for all activities. I'm going to be depositing my checks and if there are repairs I'm go...

I'm just trying to understand the specific stated reasoning for these institutions prohibition of lending to a corporation.  Logically, I can deduce my own conclusions, just can't find any definitive answers.  Just th...

Hey all!I am full of questions, and I truly do appreciate everyones time and effort in their responses thus far; BP really is an awesome community! Ok so onto the question:Let's say I am purchasing a single family hom...

Hey, BP community!I'm a college student going into my sophomore year and I just reached the age requirement to take courses where I live! I'm going to start the pre-licensing courses next week and then take a in perso...

Closed on 2nd rental property in July. I have successfully setup LLC and am trying to transfer property into LLC. When I initially spoke with customer service rep at RoundPoint Mortgage(my original mortgage was sold ...

I’m building my first rental property on a piece of raw land I recently bought under my name. I plan to eventually transfer it into an llc I created once it is rented, and refinanced. Would it still make sense to open...