Wilson Lin
Reinvesting LLC profits into RE
I currently have an LLC with another partner. We generate income through web and mobile consulting services. Is there anyway to reinvest that income into real estate as that LLC? What I'd like to accomplish is to be a...
Lexie Greenheck
Structuring LLC and Holding LLC
Hi all,
I'm in the process of structuring my LLC's. I have one LLC that is intended to be my "holding LLC" and two other LLC's that will each hold one property and will fall under the holding LLC. My question is arou...
Jayse Brock
Accounting for Multiple LLCs
Ok, so after a recent visit to my CPA for personal taxes, I was asking how I should set up my accounting. I have read a variety of articles on BP and they have been helpful but not exactly specific to my problem. Righ...
Elaine Chen
Tax Q: How to file when parent holding LLC is in different state
Hi, newbie here! My partners and I formed a parent company in WY and a subsidiary llc in Ohio to purchase a real estate investment property (where we purchased property in 2021). All we had in 2020 tax yr was fees to ...
Ebony Haywood
Home Insurance for Investment Property in Gulfport, MS
Can anyone recommend a home insurance agency for a rental property I own in Gulfport, Mississippi? I am an out-of-state investor. I was insured with Goosehead, but they raised their rates by an extra $240 monthly, tot...
Tyler Durbin
With Multiple LLCs - master bank account or individual accounts?
I have 3 rental properties all in individual LLCs. My intention is to continue to add to the number of total properties over time. Which LLC/bank account structure is best practice?A) All LLCs have their own bank acco...
Account Closed
Do you have a real estate attorney?
I am considering going to law school to become a real estate attorney. However, I was curious how many people on BP have a go-to real estate attorney? Do you generally believe there is a need for more qualified real e...
Margaret Feit
Is a Non-Resident State Tax Return Required for a Net Loss?
My husband and I have an LLC (taxed as partnership) located and registered in GA (where we live), which had an overall net loss for 2018. We also have a subsidiary SMLLC (owned by the partnership) that is registered i...
Jasmine C.
Filing as a foreign entity
Hello, I am a out of state buy and hold investor. I have a LLC in Hawaii and I have my hawaii property in it. I bought a property in Indianapolis and was advised that I can put it in my hawaii LLC and file as a fore...
Sean Salazar
Property in personal name but rental agreement via LLC?
I have a property with an accessory apartment (I live in the main house) and 2 investment homes that I want to rent out... the properties are in my personal name but I want to make the rental agreement with three sepe...