Kevin Van Wulpen
personal property under INC - do we have to pay rent
Good morning,I am looking for information regarding a property that is under an INC umbrella. We are the only shareholder within the INC but do we have to pay rent to the INC since we are living in this property. We h...
Todd Kozak
LLC addresss - update when I move?
My lawyer set up my LLCs a few years ago and used my home address as my LLC address.
I moved. The LLC address now points to someone else's home.
I opened a PO BOX to use for any mail for my LLCs which is really n...
Craig Smith
Accounting for Landlord/flipper
I am starting out from scratch after my divorce and am interested in setting up the right corporate entity and accounting for all of my expenses appropriately. I expect to use the income from flips to grow my landlor...
Britt Griscom
16 Condos: How Many LLCs?
We own 16 condos in the same complex in New Mexico. We have divided them into two NM LLCs. Would you create more LLCs to further segregate the liability? Would you create Wyoming LLCs instead of NM LLCs? Would you use...
Daniel M.
Help Setting Up QuickBooks for Real Estate
Hey BP!
I'm diving into QuickBooks Online for the first time and could use some guidance. To give you a bit of background, I know very little about bookkeeping beyond managing my budget for the last three decades (ug...
Andres Munoz
Thoughts on "Corporate Tenants"?
Hello,I was just wondering if anybody here has had any experience with a corporate tenant and whether these tend to be great or not so great deals? I've been seeing a few properties in my buy box being sold with maste...
Tam Nguyen
Best Practice for LLC Meeting Notes
I have several LLCs (holding company that owns LLCs in states where I currently have rental properties). I'm struggling with and have not found any good guidance on how to best keep minutes for my LLCs. Wondering if...
Account Closed
Real estate SP/DBA, LLC, of Corp.?
If you noticed, I posted a recent question concerning a potential rehab I am looking to acquire for the purpose of renting. This would be my first investment of this type. If it goes well I would like to continue to m...
Viktoria Brown
Best entity(s) for Canadian residents investing in US RE
I heard that as a Canadian tax payer I am best off with a combination of a Canadian and US entity, does anyone have any advice on what structure to use? Thank you.
Samantha M.
HUD Listing Period Question
Investors can only bid on properties once a property has moved to the extended period listing. Below is an example from HUD homestore to make sure I have a good understanding of how this works.
1. Example property...