Christopher Lee Johnson
Creating my Fix and Flip LLC
Good Morning family,
I'm aware I don't need a LLC when executing a few deals starting out, but would I be able to run a business doing wholesale deals under an LLC meant for fix and flip? My plan is to fix and flip t...
Josh Edelson
LLC or S Corp or Umbrella insurance?
Hello - I have 11 properties in my own name and a $2m umbrella insurance policy. I’m looking to eventually get to 20-30 units and want to be prepared. Annoyingly, in the state of California, you have to pay $800/year ...
Hank Hwang
Real Estate Holding LLC as a California Resident
I'm a California resident and am thinking of setting up a California LLC as the holding company to own Texas LLCs that will own the property. After consulting with a tax attorney, he said I could also setup a Delaware...
James Letchford
Business Structure(s)
Today, I went into contract on my first deal for a buy and hold property (with intent for BRRR). I'm so stoked.Going forward, I'll be picking up more buy and hold properties to add to my list. Here's my question: Wh...
Heath Neely
Credit Union offers loans for LLC, but must personally guarantee
So I before I started shopping for my first property, I called the mortgage broker that I used the last time I purchased a house. I decided that the rates and closing costs he quoted seemed reasonable for a 30 year te...
Nathan Astrup
Setting up a LLC, first purchase. Newbie questions.
Hello BP,
Im a brand new RE agent in cleveland and Im planning to make my first investment in the summer.
Im looking in mayfield and lyndhurst for duplexes that I will live in temporarily and save for the next purcha...
Marija Petrovic
Protecting your assets - Deal structure, Financing & Legal
Hi everyone! newbie investor here with few properties in my portfolio. As my portfolio grows I am strating to think about all possible ways to protect my assets and myself from all liabilities. I have properties that ...
Jeff V.
Buy and Hold Rentals and Performing Notes in same entity?
I have an existing Buy and Hold Rental business, but looking to expand into Private Lending and Performing Notes.The question I have is, is it typically ok from a tax perspective to hold Rentals and Notes in the same ...
Brian Sellers
How to structure a real estate partnership
Hello,A business partner and I are looking to purchase a 4 unit multifamily building. We are curious regarding how to structure the partnership. My partner plans to live in the building and take care of it, taking o...
Moshe Eisenberg
1, or multiple LLCs?
Hi guys,
I have a question which I think the best answers would be from those who do several flips a year with different partners/investors.
I'm working on several rehab flips right now. All in NJ. I have every pro...