What are some tips as a new Investor that will help with future planning in adding real estate property in your business name? I am finding banks want you to put it in your name first then it can be switched over in ...
We're about to close on our first rental property (woo hoo!). Does anyone have a go-to list of what needs to be done next? This can include how to get tenants, is it imperative to set up an LLC, and anything else you ...
Hi, I am new to the BP forum and in the process of researching my first rental. I plan to open an LLC to protect my assets. My question is -should I get the rental property first or establish the LLC first? Further, I...
If you are reading this and started investing in real estate with $20000 or less, or with no personal money down, and had massive success in your real estate investing career, what did you do exactly to start out a...
Hi BP - my partner and I have a LLC set up. Our attorney and CPA said that we will have to file for taxes as a partnership but I have been reading up that taxes are pass through? We are a 50-50 partnership with the op...
Hello all, my wife and I have recently purchased a new house and plan to rent out our current home when we move out. I am working on setting up the LLC to move the soon to be rental home into and I have a few questio...
Hello, I have several long-term rentals that are all currently in my name. They all have mortgages in my name as well. I keep hearing it is smart to "move" these to a LLC, but how exactly do I do that? I know how ...
I’m an investor in the works. I am now in a situation where I fear vacancies in my properties to the point of not being able to cover mortgage. I have 4 rental units which I do very well with and so far can manage, bu...
My father left my two sisters and me a house. We've been renting it out, splitting the disbursements three ways for a year. One sister wants us to buy her out of the house. Is there a way to take out a loan to pay her...
Hello, first time poster and real estate newb! I haven't heard or seen anyone cover this question before so I thought I'd ask. When would be an appropriate time to start an LLC or Corporation when investing in propert...