Michael Waskiewicz
Does it make sense to set up an LLC?
Hello,I own a home in Westchester NY that has an accessory dwelling unit which is a small apartment above the detached garage. Would it make sense for me to set up an LLC and what type of benefits would I receive fro...
Account Closed
Things to ask Seller of multifamily
Hello All, I am trying to purchase a 5 unit in PA. I had requested the following information from the seller.1) Annual property operating data for the last 12 months.2) Current rent roll3) Past rent roll for 12 months...
Kaitlyn Askey
Managing Properties for Parents, LLC or No LLC?
My parents own 5 rental properties and are tired of dealing with them and want to travel. Originally, I was going to purchase the properties from them and continue renting them out. However, after speaking with a CPA,...
Joshua DeGroate
Moving into new home, renting out old home. LLC concerns.
Hey all,My wife and I recently went under contract on a new home. Our intentions are to rent out the house we are currently living in. We want to start an LLC for the tax benefits of being landlords and managing the p...
David Little
Two LLC related questions
1) If I choose to create an LLC for each of my rental property investments, does each one have independent credit rating?2) If I do have an LLC, what are the advantages / disadvantages to having the LLC own the proper...
Tristan Desforges
Moving, want to rent my house out - LLC or no?
Hello everyone! I am moving out of state and would like to rent out my house rather than sell it. I am wondering if I should create an LLC for this rental (this would be my first rental property). If I open an LLC for...
Skyler Heimer
Property Manager Search Lansing
Hello,
I'm looking to start my real estate investment journey in the next couple of months and, with the high market in CA, am looking to invest out of state in East Lansing, Michigan. Based off my budget I would b...
Amir B.
Conventional Mortgage Loan Advice
Hello BP Community,I got a MFH loan for $400,000 with my personal bank (Wells Fargo) back in June. It doesn't expire until October. The interest rate is 3.625%. WF has high lender fees and the interest rate could be b...
Anthony Beeler
Too late to start an LLC?
I already purchased a home to flip with my brother. Is it too late to start an LLC? I took out a HELOC on my current home to purchase the home and we just closed last Friday.
Daniel Carlson
Buying a tenant occupied property with a problem tenant
Hello everyone!I am a soon to be first time investor, but I have run into a problem. A seller just accepted the offer that I put in on a duplex in Columbus. I was able to walk through the property and everything looke...