Robert Shedden
"Rental Property" LLC held in "Property Management" S-Corp
I am asking the basic question of "LLC or S-Corp for Rental Property?" but with a twist....I am working to acquire my first rental property in Rockford, IL and was planning to set up an LLC to hold the properties... A...
Jeff S.
Anyone do a will instead of a trust?
I know a couple of older (70's and 80's) couples who had their wills updated and their attorney switched to trust and charged one $6k and another $10k. That sounds excessive to me.The last older couple I knew had a pr...
Shiloh Lundahl
How hard would you be willing to work for a million dollars?
When I was a kid, I would look at the cars as they would drive down the road. All of the cool cars I would either think to myself or ever say aloud to myself, "That's my car." And when I was asked how much money I w...
Account Closed
Long Distance Investing: San Antonio, TX
Hey all! My fiance and I are looking to purchase an investment property in San Antonio, TX by the end of the year for no more than $100k. We're currently located in Los Angeles, CA, but through some research and feedb...
Craighton Poon
Project Engineer Based in San Jose, CA - Focus on Multi-Family
Hello BP Community!,I am a 27 year old Project Engineer working in the construction industry in San Francisco Bay Area, covering areas from San Jose, Mountain View, Palo Alto, Oakland and San Francisco. I have researc...
Account Closed
I'd like to become a private lender- Los Angeles mentors welcome!
Hi BP!I recently purchased my first residential property, no financing. I purchased this as a rental property, and I am aiming to have it rent for $4000-$5000 a month. It should be ready in about a week for photos to ...
Evelyn Castillo
A newbie during COVID19
Hey BP! Im in the stage ofInvesting in my education. I always hear how if you wait for the perfect time to invest, you will never make it happen, which makes perfect sense. However, given that I am a newbie do you thi...
Russell Gronsky
Parent LLC and Subsidiary LLC no one talks about on BP
Hey BP,Some of you may recall my rant about legal structures and advice from pros in a post a few weeks ago. After reading all the constructive, helpful comments and processing the frustration of working through every...
Wayne M.
IRA for rental property
I am thinking about an SD IRA for the purchase of a rental property and my question is, I know that all of the rent payment goes back into the IRA but once it is paid off does the payment continue to go into the IRA o...
Nick S.
Deal analysis in SE Houston (Clear Lake and surrounding)
I've been analyzing hypothetical deals to try to set my buying criteria and wanted to get some feedback on my numbers and assumptions. I'm a new investor looking at buy and hold rentals in the SE Houston market. Areas...