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Hello everyone.I am brand new to real estate and I have heard about the benefits of LLCs but was wondering if they are necessary when starting out. If an LLC is unnecessary at the start, what other options are there? ...
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Still getting my start in investing and I have some questions:
1) If you are buying a multifamily property and it already has tenants, is the current landlord required to turn them over to you, 2) How do you hold sec...
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Hi, me and my business parter started a Vacation Rental Management company and have 2 warm-market-related clients. We are wanting to venture and take on new clients but want the correct systems in place. From my under...
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My husband has an S-Corp that he used for his previous work as an independent contractor (non-real estate related). We both own some rental properties (both our names on the titles) and have always used our personal b...
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I am getting married next year and I own a condo I intend to rent out eventually. I make all the payments for everything out of my personal account and everything is under my name and have some questions about keeping...
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Have some qns about non us buying us house1) There are many people setup llc for house buying Intend to do the buying personally rather from entity Using llc bank account for receiving rent and paying for contractor f...
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Hello Everyone,I just purchased my first 5-bed, 3-bath house using my FHA loan, and I am planning to rent out the rest of the rooms. I would like to keep house purchases like fridge, washer, dryer, etc. separate from ...
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Over the weekend I heard third hand that, at least in Missouri, security deposits should be in a separate bank account than the main bank account. Supposedly it comes up if you're audited. I was told that you can use ...
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Hello! I'm a new investor and purchased my first buy and hold property in May this year. I decided to place my property within an LLC for liability reasons. The property purchase and all rehab has gone through my L...
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Hey gang! My fiance and I just got our first house and we are planning to convert a section of the house to an auxiliary dwelling unit and rent it out. We started a shared bank account and are on our way to setting up...