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I’ve been doing fix and flips for a few years but I had my CPA tell me I should open a different LLC for every property then close it when the property has sold. Thoughts?
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Hello,I bought a condo last year and financed it under my name. I had read that it made sense to have the rental property in a LLC to minimize liability. What's the best way to accomplish this now and what are the imp...
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Should I become an LLC? Pros and Cons? I have two rental properties in Massachusetts. I am wondering if my legal responsibility will increase if I get a business license?
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I have one rental property with passive losses. I do not have any other real estatement investment property but do I plan to invest in REIT and tax liens in future. Does it make sense to convert my rental into LLC or ...
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This is something I've been wondering for a while and never asked the question because I've never been in this situation. But I'm curious so I've finally decided to post.
When you buy a property and get a regular loa...
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My current understanding is that my DTI will actually get worse as I acquire more properties even if they have comfortable cashflow margins. Example below to try to explain what I'm thinking.-----------Let's say salar...
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Hi BP,I am moving and try to keep my primary home and rent it out. Can I transfer my primary home into my LLC as an investment property?
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Good morning,I am seeing a lot of reference about LLC and my business being thrown around. Before i get started with my first investment property should i start a LLC or S Corp. What do you gain by doing this? Does...
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I'm starting to build a business to grow my rental properties and would like to get some advise on what's the right asset protection strategy for me as a starter.I live in CA and currently have 3 rental properties in ...
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is there any one with experience.i came across a great deal in upstate ny multi unit rentall portfolio owner is ready to sell the LLC (saving transfer tax)is anyone experience how it he's to go as far as the closing. ...