Viron Hale
LLC and Banking account
Hello BP family,I just started my LLC and now looking into setting up a bank account. I'm going to use a local bank, my question do I need to set up a business bank account or can I set up a personal account for my LL...
Cameron Riley
S-CORP Or LLC or NONE
Can you break down the benefits of forming an LLC? Putting rental homes into an LLC
Victor Chico
Landlord Organization/Filing System
Greetings!
I am an accidental landlord hoping to become a real estate investor. I have several properties which I inherited. I have been actively reading and learning about rental properties.
I would like to hear op...
Sim Xing
Section 121 with LLC
I am an real estate agent and investor in CA. Me and my wife have bought a condo and used as our primary residence from 2016 to May 2021.
We rented the house out to tenants in May 2021.
In July 2022, we transferred ...
Cynthia Malmquist
Renter left after eviction notice served....cousin still there.
I know the rules vary from state to state but I am hoping someone from Michigan (mainly Genesee County) may have some advice. My renter in the City of Flint has moved all of her stuff out because we are in the pro...
Andrew DeWeerd
Can a multi-member LLC collect rent and claim taxes on...
Can a multi-member LLC (filing taxes as a S-corp), collect rent and claim taxes on a property (as if the property WERE in it's name) when the deed is under one of the LLC co-owning members personal names? This questi...
Mohan Deep
Tenant moved out, filed for bankruptcy
My tenant moved out but left a lot of damage to the property. After they moved out, they texted me saying that they filed for Chapter 13 bankruptcy and that I should contact their lawyer. They gave me the lawyer's pho...
William Smith
Does the winner of a tax lien need to send notice to property owner ?
Saw this on a post about tax liens in Lousiana?"In addition, after the tax sale, the Tax Purchaser must provide an additional written notice, to all of the Notice Parties, of the fact that the property has been sold t...
Josh Norris
Probates & Notice to Creditors
Ive been following the probate discussions for the past few weeks and am looking to get into marketing to these leads, currently focusing on tax foreclosure and inheritance. I have started doing some research and hav...
Jennifer Bott
Asset Protection - Marital Separation of Assets
My husband and I have 4 rental properties, and we're strategizing on the best way to protect our personal assets. I'm not sold on setting up an LLC, for several reasons. Putting all 4 properties into an LLC would mea...