Marcus Frick
New Wholesaler Questions--LLC, etc.
Hi BP!Looking to start wholesaling in MN.And I have many more questions than answers:Do I form an LLC before I start looking for properties?Other legal arrangements I need to take care of before I get started?What are...
Cody Smith
Selling my rental before the lease is up
Hey BP, thanks for stopping by my post!I have a bit of a moral dilemma. I have a current LTR that I have gained about $80,000 in equity since purchasing. I began exploring STR properties recently, and after much resea...
Jaston Robinson
Possible deal in East Providence?
Hi all! I may have a deal on my hands in Rhode Island, but need some advice before I submit an offer on this "seller by owner". A quick low down on what it is:
1. Four 1 bedroom units, currently renting out for a to...
Sam P.
Section 8 tenant gave notice to leave and wants a month extension
Section 8 tenant informed off intent to vacate April 30, 2022 at end of lease and now says Housing Authority of Cook County(HACC) has send a mail that the lease is extended till May 31, 2022 at the same rent. Can HACC...
Louis Chan
Do I need a tax advisor/CPA?
I'm going to invest in real estate starting later this year or next year as prices become more reasonable. I've begun the process of educating myself and researching these last few months. My question is do I need a...
Anurag Pulla
Risk with using personal names in lease agreements
Hi guys,Rookie investor here. I was wondering if there is a risk in taking over from property management and having a new lease agreement with the tenant. The property is on my name and that would mean the landlord se...
Mike Gordon
General LLC Questions
I think I'm ready to form an LLC for the next property I buy and am currently writing a few offers. I had some questions about LLCs that some of you might be able to answer: - I'm thinking of filing in Nevada or Wyomi...
Shane Monahan
transferring a property in Baltimore county/md to a llc
hi guys,i have my first rental property listed for rent and trying to get all my ducks in a row before i get some 1 in there . what do i need to transfer a property to a LLC ? is the deed and a payoff paper from the ...
Beth Rook
Does each LLC have different EIN?
If you have an LLC for each property or for different businesses, does each LLC need to have a separate EIN? If so, how would taxes be filed? I understand a single member LLC files a personal tax return and that is ...
Paul Stamm
Creation of LLC for Real Estate
My Dad and I are looking at creating an LLC to purchase an investment property. We live in Indiana but are looking to invest in Kentucky. Does any know the implications of creating an LLC in Indiana all while being a ...