I'm wondering how people with multiple rental properties structure things like insurance, LLCs, bank accounts, etc. I currently have each individual property under a separate LLC, with its own bank account, and its ow...
I think I have a problem I haven't read about... choosing tenants that are too good to last. My last two sets of tenants for our single family (I just found out about the second set today) have BOTH broken their lease...
Thought this was an interesting article:
http://www.cnn.com/2009/WORLD/asiapcf/08/14/australia.right.to.die/index.html
I know that most people here believe that the government should have absolutely no control over ...
Good afternoon BP,
I am currently a Navy Reservist preparing to go on a 10 month deployment early 2014. Long story short, I will not have many bills while on deployment which gives me plenty opportunity to sa...
Hey all,
I am a 24-year-old who just started in sales after graduating from college and have had a lot of success early on in my new career. However, I know that I do not want all my income to be reliant on my day jo...
Hey all,I live in a condo here in Southern California that I co-own with my parents as "Tenants in Common." They had a cabin property that they rolled over via 1031 exchange into this condo back in 2007. I put a small...
I actually did see this on TikTok, but also in my profession I have seen this idea used as well. I however, do not know the ins and outs so I figured this would be a good place to start. My wife and I are expecting ou...
Hey everyone, i need some advice. My father has a few properties in new jersey and he wants to transfer them into my name now to avoid inheritance tax when he passes. From the research I have done I am under the impr...
I understand the basic protections afforded by the LLC, using a separate LLC for each property in theory provides the best legal protection against other assets. However, having separate LLC for each property seems li...
Hi all; first time poster so I apologize for any faux pas.Basically there is a family house that is being inherited by two siblings. I would like to buy out Sibling #2 who would like to get a lump sum. We are all clos...