Lawrence Mastropieri
How many bank accounts for many properties held in separate LLC?
I have read through many of the forums but I have not found a clear answer on the following question.I have 4 multi-family properties that I own with a partner. We have one Master LLC that we both are 50/50 owners of...
Tyler Rey
Entity Structure for Rental Properties - Separate LLCs for Holding and Renting
Hi All,I'm in the process of pivoting 3 units from a build to sell townhome project to rentals and looking for some entity structure advice. These are going to be my first self managed units, but my intention is to c...
Sushil Iyer
Re-financing separate properties as a group in a single loan
We have a SFH and a duplex that we own free and clear, and a duplex on which we have a residential mortgage. Each of these properties is in a different location and was purchased at a different time. Is it possible to...
Lance Hendrickson
If you have a single family house, can you rent units separately?
If you have a single family house zoned R1, can you rent out the units separately? This is a two-story house with 2bed 1bath and kitchen on both levels. My question would be, if I were to split units with a door would...
Micaiah Cormier
Is there a separate state and federal capital gains tax in VT?
I'm looking at a promising flip in Vermont, but I read that the state of VT charges a cap gains tax. Is this in addition to the federal cap gains and if so what is the rate? Wow, feeling like everyone will make money ...
Steffy Tschida
Can there be 2 parcels separate owners but both have my address
In 2010 I made an offer for cash on a home. AMT was 100k the Bank who was owner as it had been foreclosed on in 2009 came back with 105k I signed. Same day my Realtor called said I had to purchase an additional parcel...
Justin Fortunato
What are the benefits of an LLC? Separating business and personal accounts?
Currently I own three single-family houses. Two of them are rentals that I plan on keeping long-term and the third is a fix and flip I plan on selling in the next couple of months. I have an LLC that I started abou...
Yanis P.
What it cost to build a separate entrance on the second floor?
What it cost to build a separate entrance on the second floor?I found a commercial building with 2 3/2 flats using one entrance, city wants separate entrance, and I agree with them:)))
Trent Mettenbrink
My accountant says I need a separate LLC for every rental property...
We are new investors and are looking to set things up the right way. Our plan is the buy one or two properties a year. After talking to our accountant he recommended that each property by under its own LLC to protec...