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So my wife and I are beginning our real estate dream. She is currently working as an RN and will be accepting a job in Tucson, AZ at the end of July. We currently own no properties and I work in CA(military) with plan...
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I am new to Real Estate and want to do this as a business, my question is do I need to get a business account at my bank? Do I need a Federal Tax ID # fron the Government?
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My husband and I just founded an LLC to hold our first investment property (triplex). I am thinking to elect federal taxation as a sole proprietor (which is possible as a married couple in California). I am a bit unsu...
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Please share where and why you are investing for cash flow and why ,
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Hi Everyone,I am looking to purchasing my first Investment property and wanted to get some input from those with experience. The specific property I am looking at is a single family 2 bed 2 bath home with an office in...
Let's say I'm looking to start renting primary residence in April. Driveway needs redone. Renters move in. Rent covers mortgage + $1000/month. Driveway cost $6k. I wouldnt have enough in my rental designated bank acco...
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I hear from some people to buy an LLC for each property you own and some have said to buy just 1 LLC and you're fine. I'm just curious as to what you guys think? My personal view is buy an LLC for each because if anyt...
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Have an opportunity to work with a few investors locally in Chicago. My partner and I have a series LLC already. The question came up today: How will we provide proof of funds for a cash offer on a SFR we want to reha...
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If you- own a short term rental in your name- have a mortgage on that property - self manage Do you still create a LLC to manage your rental business or do you manage it under your name and then file income and expens...
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I backed into REI a little over 2 years ago. i chose the buy and hold method and i have no real complaints so far. Just looking for someone with more experience to give their opinion or tips. I have two single family ...