Nick Furukawa
Forming My First LLC
I am looking to purchase my first investment property this summer in Indiana and I am currently looking into forming my LLC in the coming weeks so I can get my business bank account set up and start tracking tax deduc...
Alexander V.
Legally creating new "units" vs. leasing rooms ad hoc
A SFH is different from a duplex, which is different from a triplex and 4plex, which are all totally different from 5+ units. But legally speaking, what makes something a "unit" in the view of the city planners as opp...
Theodor Morgan
First Duplex - Owner Occupy - LLC or no?
Hello!
Looking for advice on possibly creating an LLC.
I'm closing on my first duplex in about 15 days. I partnered with a family member for this. I'll be owner occupying and managing the property, and the family m...
Daniel Mendez
Seller Financing: Can someone clarify
Good morning BP members,So I am really trying to nail all the details about how seller financing works.What I am still fuzzy about is:1. Does the seller work with a third-party mortgage loan company to establish the l...
Kaitlin C.
Multi-Family HOA or No HOA
I'm currently comparing two multiplex units. Both are quadplex with 2bd 1 ba mostly comparable price. Main difference is one quadplex comes with an HOA that covers water, sewer, garbage, exterior building maintenance,...
Greg Smith
Can I lend my LLC money?
I ambuying a house through my LLC with mostly personal money. Can i buy a house, pay 20% from the LLC account and then make a loan to the LLC for the balance? Is that necessary? I try to keep personal and company m...
Anthony Jentsch
Fractured Condo Purchase
Hi BP, I'm looking at an out of state fractured condo deal. The deal is to purchase 13 units (already owned by an investor for 8 years) out of 84. Only 7 other units are owned by another investor and are rentals. The ...
Brandon G.
Subject To
I plan to get started at the first of next year. Due to limited funds, I hope to utilize subject to as a primary means of securing properties. I've read many times that it's a complicated transactions with certain ris...
Noah Laker
TAXES: Divorced client wants to sell
I'm a broker and property manager in Sacramento with 100+ Airbnb properties in my portfolio. Today I had a new situation and obviously can't advise on tax/legal matters, but hoping to get some insight from the communi...
Carlo D.
Banking problem can't open a bank account for my LLC
I just came from the bank to open a bank account for the newly formed LLC that will hold the property I am purchasing. My LLC is formed in PA and I live in NY.
In the incorporating documents, I put my trust as the o...