Jay P.
Residing in CA, LLC in WY, Syndication in TX - Challenges?
I'm a resident of CA and I plan to invest in a syndication in Texas along with a friend of mine. I talked to a few lawyers and the recommendation was to create an LLC in WY with both of us as members and invest in the...
Erik Soto
Do I create an LLC now or wait?
Greetings. I am a first time SFR investor currently in the process of looking for a property and was wondering if I should start an LLC off the bat, or I've heard I could get an Umbrella insurance policy? Properties I...
Kaiden Foster
Mentally Unstable Tenant
I've got an older gentleman who is my tenant in Anchorage. He has recently begun hallucinating and believes one of his housemates is holding him prisoner in his own apartment, forcing him to take drugs, and says a gir...
Roger P.
Denver area CPA
I just finished the “Tax Strategies for Savvy Real Estate Investors” book that was recommended - Loved the book and I got several good ideas from it. Reminds me of the saying “you don’t know what you don’t know”.I hav...
Andrew Jessup
Can I Restructure to an LLC Owned by Family Trust
I have a former primary residence I want to convert into a rental. We would like to have the property to an LLC for liability purposes and then have the LLC owned by our Family Trust for Estate Planning purposes. Howe...
Hector Lewis
Starting a LLC but own properties in multiple states
Hello,I am going to start a LLC but I am not sure what state I should 'open' it in. Do I open it in the state of where I live in or in one of the states of one of the properties that I own?Thanks,Hector
Tim Houzenga
What would you do in my position?
What would you do in my position to acquire another income producing property of any type. Land? SFR? Commercial? Long Distance? ( I know what I want to do, but would like to see how other people would approach this ...
John Pruner
Tax questions and LLC questions
Hi,
If I buy a small buy-and-hold SF property, what is the reason to do it through an LLC? I guess I can deduct depreciation and write off mortgage interest whether or not I use an LLC. However maybe I can on...
Brandon Turner
What would you do? (Applicant with double eviction)
A close friend of my resident manager would like to rent from me. He has two evictions on his record (which he initially lied about, but supposedly has turned his life around in the last few years, according to my res...
Mike F.
Renting multiple houses by the room
I'm currently renting out 2 SFR houses by the room in an area that attracts young professionals and am loving the high cash flow. Im a little disorganized, and with having a full time job I am starting to get overwh...