Julie Asmussen
Moving Property into an LLC
Hi BP Family,I just setup my LLC and want to move my rental from my personal name into the LLC.The problem is two fold: 1) I have a 3% loan on it that I don't want to let go of 2) I have a heloc on this property.How d...
Ryan Woodward
Tried numerous attempts without 20% down, but need it in order to get loan. Any suggestions?
Any help is awesome. I have pending a property with 2 separate houses on one parcel. 2 bd, 1bth, & separate garage + 1 bd, 1bth, & sep. garage. Asking $145,000. I have $10,000 in bank, $10,000 in stock market....
Lamontis Gardner
Single Member LLC vs Multi Member
Me and my wife have set up an LLC, and while applying for the EIN I was prompted to switch to a multi member LLC. Being that it's just me and my wife, should this be an option for us or should we run it as a single me...
Mario Malpelli
Advice on if forming LLC for STR is necessary
Hi, have an accepted offer on a STR in which we’d form an LLC upon closing. Is this advised? Also can someone explain the due on sale clause risk in this case and how to protect
Alex Potec
Does an LLC really help?
First a quote:
If you have a corporation for `insurance purposes', i.e. so that you can't be sued, forget it. The courts find it very easy to go after the major shareholder of a corporation where that shareholder is t...
Karac Davis
Llc structure and taxes
If every rental I have is it’s own llc what it the best way to structure things for taxes with losses? I know I can write off improvements and mortgage interest and landlord insurance. Does it many any sense to create...
Gene Hassell
Can I selling my house to my own company and rent it back to myself?
My wife and I are in the process of getting a divorce. Even though we don't get along in the marriage we are still good friends. I want to start investing in rental properties. I have been contemplating creating an...
Account Closed
Person taking advantage of a little old lady who barely lives on rental income
My mom barely lives off the income from her properties that she worked her butt off to obtain over ~30 years. She now lives in a memory care facility, and her properties are part of an irrevocable trust. The property ...
Sunny S.
Forming an LLC for three properties
Do I need to form an LLC if I have just three properties ? How can I protect my personal wealth if I don’t form an LLC ?
Rich Sutherland
Creating an LLC for each rental
Hello All,
I am trying to purchase my first rental and I was hoping to place the rental into an LLC after I bought it. I would be buying it and then changing it over later to the LLC. I was just informed that this do...