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Debating on creating an LLC for protection and tax benefits. I've been told the LLC set up as a sole proprietorship (what I'm planning) won't give me any more tax benefits than owning a property and carrying a heavy u...
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Hey Everyone! I'm in the process of closing on my first investment property in California and I'm going to put it under an LLC. Does anyone recommend opening the LLC in another state with potential tax benefits, or do...
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I (a trust) owns an LLC that owns a home (480k value) free & clear in WA state. It's technically an investment home as my dad lives in it and pays the LLC rent. Idea is to use some equity in the house to make a fe...
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Hi BP Family! My partner and I have done three flips int he past, but this is our first buy & hold. Would love to get some advice regarding LLC's.
My Partner and I recently bought a property in South Plainfield,...
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Hello wonderful community! We would like to put our current apartment up for rent. Can anyone direct me toward any resources on how to start this process? Meaning, should I set up an LLC? What are some good sites for ...
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I'm considering getting a first rental. I'm considering getting an LLC mostly to protect current personal assets. Would you suggest to get the LLC or not and why? Is it possible to get a mortgage for the LLC?
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I am buying my first rental properties very soon (4 rentals) and I am wondering on the communities opinions on whether or not I should form a LLC and hold the properties in that or if I should just hold them in my per...
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I have an opportunity for a rooming house to buy, It has around 15 units renting for 300 each.
How much of a headache is this?
Ive always said I would prefer 10 - 1 bedrooms over 3 - 3 bedrooms for income reasons,...
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Hi everyone!New investor here, trying to learn as much as I can from all of you veterans out there. Thank you in advance for your advice and help!In general, does having a good umbrella policy offer adequate protectio...
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Hi Everyone,This will be my first rental property, investing 35k for a 1k/month rental income. Please help guide me on the following questions1. I will buy cash, and plan to refinance as early as possible. Should I b...