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Here are some questions. I’m thinking of starting an LLC for when I purchase properties for flips. I was wondering how much it typically costs? And is there an annual fee to maintain the LLC, how much is it? I’m hopin...
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Hi guys, I currently have 3 properties which together is 7 doors. Currently I have all of them under my name, is that fine or is it something I should get with a CPA about and get them under an LLC? Mainly for tax and...
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Good Morning!
I was wondering if anyone here had successfully used a hard money loan to finance an STR? If so, is there someone you recommend that services Twin Cities, Minnesota?Also, please tell me if If there is a...
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I want to get into real estate investing. Here is my plan and then my questions below:1) I want to buy single family homes across various states with each home having its own LLC in that particular state.2) I want th...
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Hello,I am looking to buy my second property this year and want to put it under an LLC. Any recs on companies that help form LLC formation, business structure and estate planning services? I want to make sure I form i...
I currently have a duplex and a single family which are doing well. I’m now looking towards scaling up. My goal of course, is financial independence as soon as possible. Leaving my W2. I know some investors who are i...
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I always see discussions where investors ask about creating an LLC for their business.How come people never discuss S-Corps? Are they not common in the World of REI?I currently own several S-Corps in other industries...
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Hello Everyone!
So we are trying to start getting our ducks in a row before we start shopping for our first property. I don’t want my wife and I to fall in love with a deal and jump on it before we have everything r...
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I own a 3-unit multi-family with a business partner. The mortgage is in the name of my business partner. The interest rate is 4.5. We put 5% down when we first purchased it in 2019. The loan is not assumable. I want t...
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I'm getting ready to do a "2-fer" and, with a partner, rehab two homes for rentals. My partner is experienced and I intend to ask him the same question I'm asking here (and I know he will thoroughly educate me which ...