Brian H.
Question about accounting/accountant...
Is it pretty standard for your accountant to roll your LLC and Personal taxes into one return? That is what mine did for 2018 and has done with 2019, as I have been paying quarterly so as not to have such a big amount...
Dave Versch
Ramifications of investing with a partner?
I'm considering investing with a partner. Here's the plan:Since we each own our own single proprietor LLC (let's call them LLCDave and LLCJoe), we are planning on creating a new LLC (123 Main LLC) for the purchase of...
Arjun K.
Another legal structure question!
I am at an impasse in my legal setup. My original plan was to buy 3 properties and then set up an LLC. I am now thinking more longer term. I considered a Series LLC, and I also considered just sticking with umbrella...
Xavier Karikitan
Four rookies wondering to LLC or not to LLC
I'm one of four rookies who decided to pool our resources together and get into Real Estate Investing. We're a group of friends who trust each other and want to keep our friendship and business relationships intact. W...
Mike B.
Using 401K to fund REI
Hello BP Members,I'm new to REI and live in the San Antonio, TX area. Has anyone here on BP withdrawn 401K funds to begin a REI career? I am not talking a Self Directed IRA, as I want cash flow now. Also, can you d...
Warren Barton
Should property manager pay me through my SSN or through a pass-through LLC EIN?
Hi I'm hoping for some advice on this one. My accountant has this in their inbox as well. I have two LTRs out of state that are managed by a local, fantastic property management company. To date, they've been sending ...
Amy Niederhauser
LLC protection and bank accounts/ credit cards
Hey!! {first time posting}... So, I have a handful of rental properties in my name and I'm in the process of transferring each of them into their own LLCs, and I was curious if I can use one bank account and one cred...
Ron Alexander
How many llc's should I have.
We own 9 properties should each property be in it's own LLC. Or should they be the same.
Buyan Thyagarajan
Top 3 things to look for an investment town home or single family
Hi,I am looking for an investment property like a Town Home or a Single family home which I would like to get some cash flow for a period of 5 to 10 years. After that, I plan to sell it. I would like to get some tips...
Colleen F.
Single to multi member LLC conversion done it? is it worth it?
Just wondering what the implications are of changing a single member LLC to a multiple member LLC as far as current depreciation, basis, carry forward losses and any other issues. Consulting a lawyer and accountant w...