Jeff Piscioniere
LLC logistics as created as a partnership
Good morning all!
Just a few short months ago, my 2 partners and I created an LLC for the purpose purchasing buy and hold rental properties. We closed on our first multi in July. The mortgage is only in one of the pa...
Sam Mathew
Legal - LLC vs Trust vs Personal Umbrella Coverage
Hello Bigger Pocket Members, I request your advice from experienced folks. I live in Florida but I have 12 rentals up in Michigan. They are all currently in my personal name.I was considering putting even a $2M umbre...
Kimani McCarthy
College Student Just Starting (With Capital)
I am a lot like and nothing like a lot of the other college students I see on here. I am a 22 year old junior moving into my senior year of an engineering degree and I am looking to get started in the real estate real...
Wesley W.
Titling your properties in an LLC
Hi folks,
I've asked this question obtusely before, but I'm still not sure how to make this work.
I just finished reading Brandon Turner's blog regarding "I'm not the owner." In Brandon's article he mentions holdi...
Justin Knighten
Setting up STR to be more "hands off"
I'm new to the STR game with 2 rentals, and they've gotten to where they are requiring a fair amount of input. One is in our front yard, the other is about 45 minutes away. I'm a firefighter, and can generally handl...
Rick Im
Tax deductions after refinaning a rental property
I have two questions regarding mortgage interest tax deductions.
First, last year, I purchased a HUD property at a significant discount and used a $70,000 HELOC from my primary residence for the down payment. I under...
Tieneasha Bastian
Understanding the process
Okay so we purchased a property under LLC with a hard money lender and I'm just trying to get an idea and have a clear plan for when it's time to pay the hard money lender back we thought that we would owner occupy th...
Matt Morgan
Multiple LLCs
I'm wondering if it's a good idea to open up a different LLC for each rental property or is there too much headache to make it worth it? Also, I'm not asking on whether I should start an LLC vs an umbrella policy. Th...
Sal Massa
Cash out Refinance on investment property with no liens or mortgages in Conway, NH
My wife owns an LLC which owns an investment property in Conway, NH which we believe will appraise for +/- $700K. It has no liens of mortgages. She also owns 100% of our personal residence in Tuftonboro, NH that is as...
Arlen Chou
How do you, tax efficently, move money between your REI entities?
Hello All,I am still a relatively new buy/hold investor, but over the past 2 years I have put together a small portfolio of 13 doors. Although I am fairly comfortable with the mechanics of buy/hold, I am still trying...