Kevin Leslie
LLC Question for asset protection.
The wife and I have been looking to get into rentals for some time now, section 8, to be specific. I own a few online businesses and in negotiations to purchase another local physical business within the next month or...
Matt Herbert
Help with structuring my business
Hello all,I'm relatively new to BP, but I've been dabbling in Real Estate for 5 years now. I've decided this is my year to become more intentional. I own 4 properties, and am under contract for a 5th. Currently I do a...
John Mireles
Walking Away from an SBA Loan?
Has anyone here ever defaulted on an SBA 504 loan. How is it dealing with Colson's Servicing? Did they attempt to enforce the personal guarantee? Was bankruptcy required?
How about a short sale? How was that handled?...
Brandon Morley
Setting up an entity for flipping
Hey real estate pioneers,I'm just now starting out with investing and have tons of questions, but for now I'm going to start with one:My Dad and I are partnering together to start our real estate venture and want to k...
Michael Judkins
Newb with $70 in cash but tied up in a C-corp
The $70k in cash is tied up in a C-corp that I am the sole owner of and they are from my own 401k (funded via ROBS financing). The original business idea (an internet business) failed, and now Im left with $70k from l...
Crystal Perez
If I was to take out an FHA loan and have my tenants pay rent to an LLC which I created. What would happen if they sued me?
Very new to all of this and trying to figure out the best way to start investing and protecting myself from legal liabilities. I am not sure if this is even possible.
Kyle Neff
LLC - Must have or nice to have?
Hello BP Community! I am considering investing in both residential multifamily properties as well as some 5-15 unit complexes. Do I need an LLC when moving forward with a commercial property in that unit range, or is ...
Daren H.
RE Attorney to set up a Non-RE related LLC????
My RE attorney sets up LLCs for asset protection. My wife would like to set up a single member LLC for her private practice as a marriage and family therapist. Although she has malpractice insurance and is highly ethi...
Christine Johanns
Should I LLC or not LLC ?
Hello all. I am sure it's out there somewhere on BP, but looking on the net there are so many conflicting Pros & Cons. Should I bother creating an LLC before I even make my first deal/purchase? Thanks to all!
Chris Carrigan
Tax Attorney / Accountant in Raleigh Area
Looking for advice on what the best business entity set-up should be for husband/wife real estate team. Not sure if its best to hire an accountant or a tax attorney for this advice. If anyone has a referral in the R...