Matthew B.
Entity Structure for Flipping - Operating Company?
I've had several attorneys and CPA's mention that house flippers should treat LLC's as disposable - that is, flip a set amount of houses with an LLC and then create another LLC and let the previous one dissolve.The pr...
Thomas Keigwin
Flex Spacing New Build
Good Evening!
Looking for some general advice on getting into a Flex Space new build deal within the Southeast. Where to start? What are some realistic numbers on upfront $$, creative financing, carrying costs, e...
Solon Stratton
Direct Mailing (sorry, I realize this has been asked many times)
Hello, I realize this has been asked many times before. I will break this into four parts. 1. Can someone could clue me in on the certain criteria that I should use for direct mailing? I use "listsource." I am startin...
Collin Hays
Games Insurers Play
I've had a property insured with American Modern for a number of years. In fact, most of my properties are insured by American Modern.
At a recent renewal for one of my properties, I got a cancellation notice from A...
Daniel Dietz
Lenders - How do I show interest in LLC on personal financials?
Hello, I have been working on coming up with a more accurate personal balance sheet (as have my two partners in my LLCs) and personal financial statements. One things we are a bit confused on is how to show the ass...
Danielle Zamarelli
Best online rent collection platform?
Hello! I am investigating alternatives to online rent collection as I'm experiencing some glitches with Zillow Rental Manager. Do people have websites / apps they particularly like using? Thanks!
Amber Seel
How to pull equity out of a paid off property
We have a SFH that we are currently renting as two one-bedroom units. The property has zero debt on it and most recent appraisal was for $187,000. We attempted to DSCR this property to pull out equity but were told by...
Chad C.
How does LLC owner get paid and tax consequence?
Hi, all, I see in this forum many people are recommending form a LLC and use the LLC to hold rental for asset protection purpose. In doing so, one of the main step is keep all the funds separate from personal funds, w...
Sandra Shpilberg
Legal Structure: LLC or C Corp
The first property I bought, I bought it titled to my Revocable Trust. As I grow my portfolio, am I better setting up an LLC or a C-corp? I'm interested in your experience with either type of entity.
Tejas Paruthooli
Ideal Number of Properties Per LLC
My family owns and manages ~15 properties in Illinois. About a third of these properties are fully paid off, and we are looking to create an LLC or Series LLC for them. We do have an umbrella policy in place for all o...