Hi everyone. So you know how on all the podcasts etc they say "I'm not an attorney and make sure you speak with an attorney first...." well I did just that. I spoke with 2 attorneys in the past 2 days and they complet...
Hey all - newbie here.I have looked locally in my market for some lenders to get pre-approval for rental property purchases. However, I am running into an issue that only 15 or 20 year terms are available. At the advi...
My wife and I are planning to invest in rental properties in Alabama. We're planning to set up an Alabama Series LLC to own the properties. We'll be 50/50% member-managers. We're engaging a property manager in Alaba...
Should I open an LLC per property? Why?
Hey BP Community!My wife and I are getting into the real estate investment world and would love some support and advice from the BP community. We are planning to acquire around 20 units in the next 5 years through sin...
I have spent the last couple of days going through the forms reading about LLC's as they pertain to real estate. My wife and I have already decided to start one, and we have sent the papers to the state. Havi...
I am fairly new with REI and could use some suggestions and/or advice from those who have had exposure to setting an LLC for your rental properties. I am undergoing the process of purchasing my 3rd home and the thoug...
ENTITY INSANITYTHE REAL DIFFERENCES BETWEEN LLC’S & S-CORPORATIONSSo you’ve decided it’s time to start a business, Congratulations! You’ve know realized/learned that conducting business without the blessing of li...
We have 3 LLCs, one of which is a Series LLC. One of the three is the managment company owning no assets. All rents and expenses go through this LLC. The remaining funds are then sent to the other LLCs that own the p...
I think I originally posted this in the wrong forum so I am posting it again here.
From the initial training I have had, I understand that it is best to have multiple corporations set up for individual strategies. One...