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Quick background for those who are new to REI: For liability purposes, it is generally preferred to hold real estate in an LLC (so if you're sued, creditors can't touch your personal assets, e.g., savings acct, primar...
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Hey BPers, I rented a SFR to a young couple last month (18 yr olds). Both of their names are on the lease. They seemed very happy, appreciative, respectful and passed all of the background screening. The guy just call...
I have a really big nice house in the North West side of San Antonio Texas, just a few miles from Sea world & Six Flags. The home is in a very desirable area. It is 4 bedroom, 3 full bath, 3 car garage. Very seni...
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The owner/instructor of where I did my coursework for my REL many years back said something that stuck with me and I wanted to get feedback and clarification or see what people feel about the situation. Here it goes, ...
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i am renting 3 properties. when i bought my first rental (rental 1) in 2013, i was a noob. i didnt read much on this forum but i knew the property was a good deal. the home is in my name and only my name. in april...
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I am converting a personal residence into a rental and am wondering what would be the benefit of starting an LLC compared to an LLP? The partner would be my wife. I am thinking of possibly the benefits of an LLP bei...
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Hi All,I'm looking to get into the real estate investing with my very first home purchase in a new city, and I've heard of this Self Directed IRA (SDIRA) form of investing tax free. I'm purchasing a home with my Roth...
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Tax Advice - I have a duplex that I live in (house hacking) and we are in the process of renovating it still so we haven't had a tenant in it yet. Are there any advantages when filing for taxes or disadvantages? Or an...
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I just start looking for my first rental property. At this point, LLC might be costly, so I don't consider to use LLC as my land trust beneficiary.
For the privacy purpose, can the land trust apply for one tax ID num...
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My wife and I have purchased a home that we intend to live in while our new construction is being built. I have purchased the home in the name of my LLC and will be living in the home while it is being remodeled.
Wh...