Larry Nielsen
LLC Tips for Real Estate Investors
Hello, looking for tips on LLC formation for real estate investors. Can I use a previously existing LLC? Would I need to re-write the operating agreement if it was not previously used for real estate? Should I start a...
Account Closed
House with a sauna = X value?
Out of sheer curiosity, I would like to throw this question out there. Hypothetically, if I was to buy a house, install a sauna - say upon adding a finished bathroom in the basement -... How much would this affect th...
Kris Clig
Qualifying as a Real Estate Professional - 750 hours/year
MY QUESTIONS ARE: (Note - Background information can be found at the bottom if needed. And thank you in advance for any advice you can offer. I really appreciate it.) 1. Does the time it took me to sell my first prope...
Nghi Le
Rolling Flipping Profits into a Consulting Firm
I've been talking to a few lenders, financial advisors, and credit optimization companies. They all tell me that getting unsecured lines of credit is going to be hard for fix and flippers because it's a risky business...
Jeff Kochtanek
separate LLC for self property management
What's up BP!First of all, thank you Josh, Brandon, and all the great contributors for your tremendous knowledge!! Brief first post intro: I'm a B&H investor and have been reading & listening to BP for a while...
Christopher Penaflor
Term or Permanent Life Insurance?
If somebody purchases a home and wants to make sure the mortgage gets paid off if they died pre maturely, do you think permanent or term life insurance would be the better fit? Or both?
Tabitha Alvarado
Holdings LLC and Properties LLC - Philly Rental License
Per my accountant's guidance, he suggested I set up two LLCs for liability reasons. A holding company that owns the assets and another that deals with PM/tenant activity. On the deed, TABS Holdings LLC owns the proper...
Hardy Brown
Getting set up right
I have a partner, and two deals pending but would really like to get a legal structure set up that is really done well. We will go LLC but would like some really top flight counsel. Anyone have an investor CPA or Lega...
Bradley Termeer
My First Deal! The 10 Year Fix and Flip
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $350,000
Cash invested: $30,000
Sale price: $589,000
This was my first deal! It was supposed to be a short term...
Scott Stevenson
Multiple Businesses Under 1 LLC
Hello! I have a quick question about an idea for an LLC and I am not sure if this is possible, how it would work, or if it would be the most effective way to go about it.I currently have 3 different professions, you c...