Jenifer Levini
Wondering about forming Delaware Series LLCs in California
Has anyone started up and run a Delaware Series LLC in California? What are the pros and cons? It looks like having the "series" which allows many LLCs to be operated under one umbrella LLC would be much more economic...
Jessica Lamont
What state to form your LLC for tax purposes. AZ OR NV?
Help! Our CPA suggested we form our LLC in Arizona because thats where our rentals are but a business lawyer thought it was weird that he didn’t suggest forming it in Las Vegas, NV (where we live) because it Should be...
Tyler Smiarowski
Do your own accounting or use a CPA?
Just curious on what other investors do for keeping their books. I am a CPA and do my own books and use QuickBooks. Others?
Joshua Russell
County Treasure told me today...
I asked about obtaining a list of properties that owe taxes and possibly use this outlet to find motivated sellers. She told me that They sell the foreclosed homes on the first Monday in March, but, here is what I tho...
Anna Catron
Chapter 13 Bankruptcy-House purchase
6 months ago we offered to pay a woman for her home as she was in Chapter 13 and considering putting it on the market. It has been the craziest process I've ever seen. She doesn't know how to move the situation alon...
Cliff T.
Using Solo 401k to do hard money / private lending
Hi all,I am hoping to get into the world of hard money / private lending using my Solo 401k and had a few questions.1. I have approx. $120k in my Solo 401k but the deal that I am planning to fund needs about $180k. Is...
Thomas J. Clifford
Can a foreclosure on a property I somehow inherited affect me?
My father passed away in April of 2017. My 2 brothers and I were not interested in taking ownership of the home because even though he owned it outright in 2015 he ended up with another mortgage on the home when he pa...
Tyler Durbin
With Multiple LLCs - master bank account or individual accounts?
I have 3 rental properties all in individual LLCs. My intention is to continue to add to the number of total properties over time. Which LLC/bank account structure is best practice?A) All LLCs have their own bank acco...
Michael Redmon
Being advised to start an LLC? drawbacks?
Hello,
Visited a lawyer today to update some wills. He advised we start a trust and also put my 3 rental properties into a LLC.
I see the pro's that he mentions but any con's that I just dont see other than this ini...
Bobby Scurlock
Newbie in Ashburn Va
Hello BP!I'm a newbie looking for my first duplex in the Charles town WV area. So far I've got pre-approved by the bank for 230k. I've spoken with Mr. Blood at Blackwell realty ( also my property manager) and I'm cur...