Carol Lam
LLC for rental property
Hi,I live in california, but I find a property that I am interested in. In california, an LLC costs 800 minimum tax payment. Is there a way I can set up a LLC outside of california? If so, which state is the best? ...
Ken Rishel
The Consumer Financial Protection Bureau Becomes the Big Dog
The Consumer Financial Protection Bureau ("CFPB"), through its sponsors in the Treasury Department, and the Conference of State Bank Supervisors ("CSBS") signed a memorandum of understanding ("MOU") relating to inform...
Account Closed
Hard Money Lender Questions
Hi.I'm working on my first official rehab project, therefore, I have not established private money lenders at this point. I have purchased the property with my own money and am talking with a hard money lender to fi...
Scott K.
LLC Misconceptions and Education
So bear with me - I'm no expert and am simply trying to help instruct others but also educate myself if I'm incorrect on what I know. I've been reading up today on a bunch of forums including this one and see WILDLY v...
Brian Oberg
Series LLC: Pros / Cons and where to do it?
We currently own 3 investment properties, 2 in TX and 1 in KY. We live in KY, but are TX residents (I'm on Active Duty for the Army) and will be remaining in KY after I retire in a few years, in which we will become ...
Corrie Winter
STR Loan with 10% down and transfer title to LLC
Hi All! My husband and I are looking at investing in a first STR property in the US, looking in AZ, TX and FL at the moment. We are definitely wishing to ultimately hold this property (and future properties) in sepa...
Donnie Rath
LLC formation advice
My fiance and I have purchased three properties, all in different states (CA, FL, TN). We opened up an LLC and EIN in the state of Florida, but we don't completely understand the next steps. I've heard it's a fairly...
James Wise
HUD wants to MAKE you rent to criminals. Do u rent to criminals?
I just read this article and I have to say I do not like where HUD is going with this.How do you feel about this? Is this an extreme government over reach?Background Checks on Renters Raise QuestionsDAILY REAL ESTATE ...
Cedric Skeen
Project(job) request via section 8 tenant
Hey fellow Bp members. I’m fairly new to the self-managing/property management business and certainly new to dealing with section 8 tenants.
I have a potential section 8 tenant who has inquired about one of my proper...
Grant Bublitz
First Duplex Should I LLC?
I am about to close on my first duplex and will be living on one side (top) while renting out the other (bottom).Is there any reason to put the duplex in an LLC?Just have the rent made out to me and have a new checkin...