Ernest Badalov
Individual or LLC sale?
To All,
Just wondering what everyone thinks. What are pros and cons of:
1. Selling all rental properties separately (within a short period of time)?
2. Selling them once as one LLC (assuming all those rentals are p...
Tommy R
Short Sale = Instant Equity ? ?
The claim is that Short Sale purchases can create "instant equity" by negotiating a purchase with a financial entity for lower than market value because of the distress/situation, then immediately resell it for FMV.
...
Ken M.
Ann Arbor landlord needs best corp. structure to protect assests
Hello, My wife and I are landlords in Ann Arbor, MI and currently execute leases directly between ourselves and tenants. I'm seeking a local professional and general advice on how to add a corporate structure that wo...
Benjamin Spandau
Indiana Real Estate Attorney
Hello BiggerPockets Community,My name is Ben Spandau and I am a licensed attorney practicing out of Indianapolis, Indiana. I have been a lifelong Hoosier and worked in the Real Estate industry doing legal work for th...
Devon Thomas
SONYMA??
I called an agent on an REO property. He said that the bank was "Sonny Mae". When I googled it I found SONYMA - So I will assume that they are one in the same. I am trying to figure out a couple of things about this p...
Ryan Bird
Commercial umbrella vs personal umbrella for LLC
Today, I have a personal lines umbrella policy for myself. If I start a new LLC, do I need to take separate commercial umbrella policy? Or is it possible to add LLC in the personal umbrella policy itself?
Donte Sweeney
private lender
Hey everybody, I'm an Agent just getting started on the investment side of things. I found a lender that's willing to lend what I need, but told me that they only lend to llc's or a private entity. Does anyone know ho...
Matthew C.
Equity Split Lender Mechanics
If I have formed an LLC with my business partner to begin a real esatate investment company focusing on short sale double closings with an Equity Split Lender what are the mechanics involved between me and the Equity ...
Jaclyn McClellan
Structure
I have talked to a couple people that have recommended I put each property I purchase to flip into a s-corp for protection under a trust umbrella. Someone I work with is also recommending putting rental properties int...
Jesse Davis
Paying taxes on Wholesale fees?
I just completed my first wholesale deal. I want the set aside my taxes. How much should I put aside? Thank you