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Hello,Our company has several properties throughout Indiana. Some are self-managed, others we use management companies. I am shopping for a fair Indianapolis property management company that does not survive on rand...
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Hello All!I was recently advised that the best way to setup a new investor business is create two separate companies. Both a S-Corp and LLC. I was advised that an LLC should ONLY hold property (up to $1M) while the S-...
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How are you currently doing it?
My wife and I formed an LLC with the initial idea of buying rental properties through our LLC for the extra protection on top of umbrella insurance. After talking to bankers all over ...
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When faced with the choice of "no payroll" or "pay out of pocket", I chose the latter, and pierced the veil between personal and LLC finances, and then further pierced it paying back some of those contributions. Now,...
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Hello BiggerPockets family,I am currently in escrow for my first multiunit so I am finally able to join in on this side of the forums.I was just curious to how most of you fellow investors would setup the basics in be...
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AS we all know its rampant... I was just signing a sale contract on a CA flip we sold and there is now a CAR form that buyer and seller sign that delineates the risk and how to protect yourself against wire fraud.talk...
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I see most people have an llc - is there a significant reason why?
I am up to 4 investment properties all personally held (i.e. not in an LLC). I understand the risk to that and feel as though I have accounted for that in my insurance planning. My goal is to start paying those down...
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I have one rental property that is under my personal name. I'd like to buy a second and put it under a LLC. My question is, since I've never ran a business under a company name, how do the taxes work? Will my LLC pay ...
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I'm buying property from an LLC. The LLC has two people in it. There is one person acting as authorization of power for the LLC, and he should be the only person within the LLC that should get the earnest money shou...