Chandra Towns
Searching for a property for AirBNB
Hello,I actively in the process of looking for AirBNB property. Do I need to set up an LLC first? How did you obtain your first property? What financing did you use? Thank you.
Tarik N.
Baltimore: Umbrella or LLC?
I have a four duplexes in Baltimore, and I am not sure which strategy is best for liability protection: 1) create an LLC, but transfer taxes are pretty prohibities, 2) have an umbrella policy ($1M? $2M?), or 3) a comb...
Bill Newport
Tax Liens & Hard Money/ Private Lenders
Hello All,
I have been running into a small issue and wanted to get some feed back to see if anyone new a way around this. I have a small tax lien that is against me personally. I will be paid off completel...
Rob Newsom
LLCs / Seperating Finances / Spending Cash Flow
I have 2 rental properties. I have an LLC. My LLC has a business checking account. All of my spending and rental income flow through the LLC business checking account. However, none of the rentals are owned by the...
Alex Sanfilippo
LLC?
Hello, I hadn't given much thought about the type of business to register when starting in REI until I read this post by @Brandon Turner: https://www.biggerpockets.com/renewsblog/2016/02/2...LLC just seemed like the r...
Michael Ghim
Recs for business checking accounts and credit cards - can you have too many?
What do most do in terms of keeping rental business out of personal finances? My eventual plan is to scale - do most have a single financial LLC with its own checking account and each rental LLC finances go through th...
Johnny Dlcrz
Do you need to transfer property to llc name?
Hi , I have two rentals I own right out. one is a house with land and the other is a mobile home on leased land in a very good location . I just created an llc for these properties per my accountants recommendation he...
Jessie Niu
Should I consider owner-occupied duplex with little cashflow?
A newbie's dilemma: I am looking for an owner-occupied duplex, but the ones in the area that’s suitable for us to live are just not producing enough cashflows (the mortgage is a lot higher etc). The # on cheaper ones ...
Matt Said
Can you 1031 a property from an existing LLC to a new one?
Currently have a Wisconsin LLC with 3 MF properties, we are currently selling 1 (but likely all 3) with plans to move the funds to invest in the South. Our CPA advised that it would be best to create a 2nd/new LLC in...
Jonathan Winkler
Fund an REI business with ira
Hello BP forum,I came across an article this week that suggested funding a new business with an IRA and that could be used for investment properties. It seemed a bit unconventional and I haven't seen that suggested i...