Account Closed
LLC or Corporate, starting investor
Hello everyone, I am relatively new on the RE world and I am wondering what is better, if I should start with an LLC or a Corporation for my investments and also another company that I am in the process of creating. I...
Jessica Fish
My Cash Isn’t Liquid
I have about $60K in 401(K) accounts and approximately $100K in equity in my home. I want to invest but I don’t have any liquid cash besides what is in these accounts. I am not against taking money from 401K for real ...
Zach Fulton
How/when to start an LLC and business checking account/business credit card.
Hey yall, beginner investor here with 2 properties rented out and producing income. I am planning on buying something bigger this year... or maybe a couple of different properties. Im thinking I should really open an ...
Omid Kajbaf
LLC vs insurance + umbrella
My wife and I are purchasing a condo to use as an short term rental.we are using a heloc we had because the interest rate Is much lower than anything we could find today with a conventional loan. so we will be buying ...
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...
Jim Bentley
Multi account insurance discount for SDIRA
I'm getting ready to close on my first investment house purchased by my SD IRA. My personal insurance agency gives a discount of 10-15% on my insurance policy because I have multiple, personal (homeowners/auto/umbrel...
Brian Goff
LLC Question regarding ownership and income reporting.
I have an LLC structure, but I own a rental held in my personal name. This was done so because of loan type and rate. Can I set up my account with my property manager in my LLC name so that all income and expenses g...
Cherilyn Williams
Tenant with Late Rent Payment Twice within 4 Months!
I just bought my first investment property, a SFH in January. My tenants moved in March 6, 2024. I require that my tenants sign up for automatic rent payment through Rentredi in order to lease from me. It is stated ...
Michael Clay
Hard Money Lending - My first time and I need help!
I'm going to be hard lending money for the first time and I need some pointers. I've inspected the property with the lendee and I'm comfortable lending her 80% of the value. She's buying the property for 125k and I'm ...
Mary Jay
How one person can create a double member LLC?
Hi guys,Could you please help me out?Everybody keeps saying how if a husband and a wife own an LLC it is still considered as one member LLC. Also, its easy to pierce the corporate veil of one member LLC, and courts ...