Derek Morrison
Giving someone else a loan from a 401k
Hi, I was wondering if anyone has been involved in originating or receiving loans from a 401k to purchase a property. Not taking a loan from your personal 401k, but loaning funds to someone (or being the person that r...
Kaitlyn Askey
Managing Properties for Parents, LLC or No LLC?
My parents own 5 rental properties and are tired of dealing with them and want to travel. Originally, I was going to purchase the properties from them and continue renting them out. However, after speaking with a CPA,...
Account Closed
LLC or sole proprietor?
Well... I have been talking about if for years. I think for many, a may have sounded more like a talker and not a do-er. I'll be closing on my first 2 unit in a week or so. I just went ahead with the formation of an L...
Joshua DeGroate
Moving into new home, renting out old home. LLC concerns.
Hey all,My wife and I recently went under contract on a new home. Our intentions are to rent out the house we are currently living in. We want to start an LLC for the tax benefits of being landlords and managing the p...
David Little
Two LLC related questions
1) If I choose to create an LLC for each of my rental property investments, does each one have independent credit rating?2) If I do have an LLC, what are the advantages / disadvantages to having the LLC own the proper...
Tristan Desforges
Moving, want to rent my house out - LLC or no?
Hello everyone! I am moving out of state and would like to rent out my house rather than sell it. I am wondering if I should create an LLC for this rental (this would be my first rental property). If I open an LLC for...
Anthony Beeler
Too late to start an LLC?
I already purchased a home to flip with my brother. Is it too late to start an LLC? I took out a HELOC on my current home to purchase the home and we just closed last Friday.
Randy Almquist
LLC formation, how do I do it on my own with a registered agent
I live in Colorado and I see that I need a registered agent to form an LLC in Florida, do I need to use a service like Legal Zoom or Zen business to do that or can I do it on my own somehow?
Nori Sandoval
Best Way to Start Short Term Renting With an LLC ?
My husband and I would like to start doing Short Term and/or Mid Term Rentals. Could it be possible to open an LLC, and put some of the down payment with a business credit card? We have savings, but my husband is very...
Bryan Johnson
BRRRR CASH OUT REFINANCING CRITICAL STEPS
HELLO EVERYBODY IM AT A STAND STILL HOPING SOMEBODY CAN GIVE ME SOME ADVICE ,CANT SEEM TO FIND THE RIGHT ANSWERS ANYWHERE.IM A BEGINNER AT REALESTATE INVESTING AND PLAN TO MOVE FORWARD SOON WITH PURCHASING PROPERTIES ...