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Because asset protection is a high priority for me I've kept everything I've done until now in an llc. However I've been thinking about financing, and the very cheap and long term fannie/freddie loans are enticing. To...
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Hello all,I'm currently trying to find out if I need to register a sole proprietorship in MO and what kinds of costs that entails. I'm currently looking to purchase my first property. Everything is going under my name...
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What is the best LLC to create for a property that I am going to buy in Indiana? I am a California resident, but my property will be in Indiana and I plan on renting it out as a buy and hold. Although my residency is ...
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Hi, I am looking to purchase more property (currently have 3 units), but I am at a point where I need to decide whether to put the properties in my own name or my LLC for tax benefits / perspective. Here is my current...
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I am interested to open up an LLC as a real estate agent in NY for tax purposes (thinking to elect the LLC as an S-corp for tax purposes.) Is anybody else doing this and is it worth it? Do you need to put your LLC nam...
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Hey everyone so I’m trying to find the best way to acquire REO properties without having to go through auctions or online bidding wars. Is it possible to do so? Any recommendations on this? This aggressive buyer need...
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As a few of you know, I'm working on getting my rental operation off the ground. I have an idea I want to bounce off you regarding loans for rental properties.
I will be forming at least one LLC to run this operatio...
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Hi,
I might be interested in buying foreclosure in near community. the thing is that I can get title search done prior to buying that.
however, I possibly know that previous owner has 1/2 year of his dues outstandi...
Hi,
My local bank said they will not refinance a BRRRR without me leaving 20% hard money in the property even if my improvements increase the assessed value by more than 20%. Seems to paralyze the BRRRR method.Can an...
Hi, I had two questions regarding the process of converting a personal property with a personal mortgage attached to it to an LLC. After communications with a lawyer and the mortgage lender we are in the following sit...