My business partner and I bought a property in April 2021 that has 6 duplex’s / 12 units. We have converted 4 units to ABB this far with the first unit online in October 2021 and the 5th to be online by September 1....
If you have an LLC for each property or for different businesses, does each LLC need to have a separate EIN? If so, how would taxes be filed? I understand a single member LLC files a personal tax return and that is ...
My Dad and I are looking at creating an LLC to purchase an investment property. We live in Indiana but are looking to invest in Kentucky. Does any know the implications of creating an LLC in Indiana all while being a ...
I don't know if this strategy has ever been used before, nor do I know if it would even work. I think its an interesting concept so I would love to hear some feedback on it.Example:You purchase a rental unit (lets sa...
Thanks, in advance...(2) questions here...1- I've read all over the net where contract assignment isn't legal...some comments are general and some are state specific. I've not seen anywhere that the SC Title Code(s) p...
I recently got off the phone with a lender and he explained to me that if I was to use private money to help fund the down payment on my next deal, the funds would have to be in my account for 60 days. I was always un...
I'm about to start my first LLC for real estate investing. My fiancee owns a home in FL that we currently rent out to long-term renters. We've been renting the house since 2019 and have always had a renter in place. T...
I am about to buy my first rental in Baltimore metro area. For anonymity, could i use a company like zen business to be my registered agent and thus maintain anonymity? Is there a better way of keeping myself anonymo...
Hey BP, whats your take on taking a personal loan for the down payment of the mortgage first property investment?
Is that possible, do such banks allow that?
Is it a bad idea?
Any feed back would be helpful, thanks...
Hey all,I recently closed on a 3 unit property which I am going to house hack which brings my portfolio to a total of 5 doors (including the one im living in) and am curious if it would be wise to have an LLC for each...