Ryan Johnston
Contributing personal funds to LLC
Hey guys. Offer was just accepted on my first property. 2 quick questions:1. Should I go ahead and form an LLC for this first property?2. Is there any issue with me contributing my personal funds to an LLC? Ex: Se...
Marcos De la Cruz
Looking to get a HELOC on a property in TX
I own a rental (in my LLC) in Anna, TX that's free and clear. I want to access some of the equity. If anyone can recommend a bank I'd appreciate it. Thanks!
Joe Cusick
LLC advice when owning properties in multiple states??
My wife and I are just getting started in REI. We live in PA and established an LLC here earlier this year in anticipation of buying investment properties. We figured we should get one established, but the tricky th...
Rick C.
Best Practices for Maintaining the Corporate Veil of an LLC
I own several rental properties in an LLC. The LLC has its own bank account/credit card which are only used for those properties, any bills/contracts are always signed with "Manager XX LLC" next to my name, etc. Are t...
Alex Gitman
Please Help !!! trying to understand Title Insurance
Hi All,I singed a contract last week on buying a lot of land. When I was talking about it the guy who flipped it to me told me that previous buyer backed out because previous buyer could not get title insurance from t...
Nathan Shankles
Can an LLC get a traditional 30 year mortgage like an individual?
To potential partners approached me about joining them and establishing an LLC to Byam whole rental properties. My question about buying and holding properties in LLC is can we get a traditional 30 year mortgage in an...
John D.
Legal repercussions of renting your primary residence
Hi, I wanted to know what the legal repercussions are of renting a home that you bought as your primary residence. My mortgage says that if I do this I could be fined or even enprisoned for lying about the occupancy. ...
Jon Klaus
LLC's - how much risk is there?
I was just reading on another thread about the old debate of how many LLC's do you need? Just one? One per property? Somewhere in between? The idea is to segregate silos of liability exposure. That's fine, I don'...
Account Closed
Asset Protection with an LLC
Hello all,
I am interested in the topic of asset protection via an LLC. I am also interested in all of the tax benefits/advantages associated with claiming business expenses, so…. forming an LLC for a rental ...
Chanté Owens
Hello BP Community from Denver, CO!
Hello BP community! I'll try not to shave too many years off your lives with my introduction, but it's going to be a long one, so I can cover the bases!
I'm not currently an investor...yet, but I had a "serio...