Craig Garrow
LLC's: CPA or Attorney to set up?
Just wanted to see what everybody's thoughts were. I got a quote of $1,200.00 from my attorney to set up an LLC for me. I've got a buddy who's wife is a CPA, and he tells me he can get her to set me up an LLC for $60...
Gary Barella
Best way to draw income from LLC?
I flip homes and I get paid from either at closing as consultant on the HUD or 1099 from my partner after closing. I currently want to show the highest income possible (future borrowing purposes) but pay as little tax...
Maya Hermelin
Equity Partners - Setting Terms
I recently connected with a potential partner who has the capital to fund deals with me. We met at BPCON, they are out of state and I'm local but we both invest in the same market. Their goal is to become an equity pa...
Sarah Selle
Best Way to Pay Myself from My LLC
Hi all!
I have one mid-term rental (mainly travel nurses) set up in an LLC. It's been running a few months and starting to make some money, so I'm trying to determine the best way to...
1) Pay my mortgage and home e...
Kay Swor
Terminating a contract to purchase a property
Hello everyoneI'm new to investing and unfortunately put a house under contract to purchase. The first comps were from a different neighbor hood (often mistaken as where we were looking, according to the owner) but w...
Justin H.
Power of Attorney for Sales Contract
I have a short sale in progress and it's becoming a little more difficult than I hoped. The couple on the mortgage is divorced and she moved many states away. The divorce paperwork only states that neither can interfe...
Brad Farmer
Joint Venture Contract
Hi BP, I am looking into doing a joint venture flip with someone in my market who has plenty of experience flipping homes. I am looking for some information on a necessary contract agreement in order to align the expe...
Christopher Cannon
HELP - Personal Property Left by Previous Owner
Sorry for the long post, but I've Never encountered this before - My partnership is in escrow on a SFR in California. It's a fantastic deal that I've spent 4 months developing a relationship with the current owner and...
Daman Gandhi
Should I create a LLC before investing ?
Hi guys . I have decided to step into rental real estate and i am so excited to get my hands on my very first investment . Should i be buying the property in my own name or create a limited liability company before in...
Santosh Prabakar
Pros and cons of LLC
What are the Pros and Cons of moving the rentals to LLC. Can the lender object moving the property to LLC?