Hi all.
I have 4 single-family rentals out of state (two different states). Currently, all 4 properties are in my name.
I know - I should form an LLC. I have been pondering this for what seems like forever.
Not b...
Hi! I wanted to get some opinions from fellow real estate investors in Alabama, primarily from those who have or plan to have many rental property holds. Also I’d love to hear some advice from tax professionals or att...
First a quote:
If you have a corporation for `insurance purposes', i.e. so that you can't be sued, forget it. The courts find it very easy to go after the major shareholder of a corporation where that shareholder is t...
Good morning,I am based in Texas and looking to register a STR on additional OTA outside of airbnb and VRBO. I am looking to provide housing options for potentially the following.-Corporate housing, traveling nurses, ...
Any fellow NC real estate brokers make the jump to sole proprietor and no longer with a firm? Would you be willing to share how you got started/steps?
I now own 3 multi family homes under my own name. I am looking at a commercial building also, all for buy and hold. I need to start a company because I don't want these in my name and need some protection. I need a...
Hi--I'm a little rusty on these rules so please help me out--let's say that you and I form a partnership. Let's assume the partnership agreement works out such that I will be allocated 90% of the partnership income, ...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $222,000
This a property I bought from a friend with owner financing, I was able to purchase the property with 10 perc...
I have a single member LLC that is taxed as a S-Corp in which I flip homes and drive for Uber. I purchased a property in 2017 and finally sold it in 2020. I sold it for less than what I bought it for. I have filed the...
Financed my first STR to get 90% loan, so property is in my name (not owned by LLC).Any benefits to leasing personally held vacation home to my own LLC, to help keep business expenses separate from personal & long...