Hello, (Not Selling a product, simply need advice) This is my first official post on this forum. I have posted this same question on another forum as well. I wanted to get started early with my questions and not wast...
Searched the forums, but couldn't really find an answer to my questions about setting up the accounting around a holding company.I currently have 10 rental properties / 10 LLCs. I have a holding company created and w...
Who would you recommend as a real estate attorney to form a series LLC in Texas? I heard Texas has very good laws.Also, all attorneys would say I must name the LLC myself, they cannot name it for me. What are some t...
I own five single family homes in the Twin Cities area (Minnesota) and am trying to learn if creating an LLC and transfering these five houses to the LLC is a good decision and worth the time and money for such a smal...
If you have one property, you put it into an LLC, get an EIN and a business checking account for it and run you income and expenses through it. No problem.Now say you have 35 properties and each are held in individual...
I'm looking to buy my first multi-unit shortly and would like to create my first LLC to go with it. Michigan is very cheap to create an LLC so I figured why not.How should I structure this, especially if I plan to buy...
On a 1031 exchange when an LLC owns the property and one member of the group wants a return of profit and capital, will that void the 1031 exchange tax rules if the member is paid at closing and the proceeds do not go...
Hello all, I'm new to BP. I have several questions about converting a 6 plex apartment building into individual condos and selling individually.This is near Durango Colorado, and I think the numbers work. As I underst...
Looking to network with investors/property managers who understand/invest in student housing or rent by room. Looking for some advice on lease strategy, pros/cons, maintenance etc.
Does anyone have experience listing both sides of a duplex together on Airbnb under one listing?
Currently have each side of the duplex listed individually -2 bed 1 bath for up to 5 guests. I'm wondering if I could ...