Daniel Chen
Question regarding LLCs for my rentals
Hello everyone,I already setup a new LLC for several properties that was rented as our family investment property. I have not yet done with filing the quit claim deed but I talked to my lender and they are okay with i...
Account Closed
Can a person purchase a home with a Hard Money loan and live in the home?
Might be a silly question but I am new to this whole thing and need some advice. What is a hard money loan exactly and can one use it to purchase a home that they will be living in for good?
Tracy Williamson
Putting Property in your Business Name
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 ...
Tommy Barrow
First time rental; what next?
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 ...
Kristen Marra
LLC or rental first
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...
Evan Cruz
Who started out poor and succeeded?
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...
Naz Hossain
2 member LLC confusion in Texas...
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...
David Schuster
Husband and Wife Forming LLC for 1st Rental Property
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...
Tyler Carter
Moving Properties to an LLC?
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 ...
Ana Hyler
How to manage risk
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...