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Updated over 12 years ago on . Most recent reply

Irwin S's profile image
Irwin S's profile image
Irwin S
  • Developer
  • Member since Mar 14, 2011
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Irwin S's profile image
Irwin S's profile image
Irwin S
  • Developer
  • Member since Mar 14, 2011
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Irwin S
  • Developer
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Foreclosures

Who legally owns your property?

Irwin S
  • Developer
Posted

I'm curious on the legal ownership of your income properties. Are they owned by a LLC, Corporation, Trust, or in your own name? For those who do LLCs, Corporations, and Trust, do you set one up for each of your individual rentals?

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Dale Osborn's profile image
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Dale Osborn
  • Mobile Home Investor
  • from Spanaway, Washington
  • Member since Dec 11, 2008
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Dale Osborn's profile image
Dale Osborn's profile image
Dale Osborn
  • Mobile Home Investor
  • from Spanaway, Washington
  • Member since Dec 11, 2008
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Dale Osborn
  • Mobile Home Investor
  • Spanaway, WA
578
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Dale Osborn
  • Mobile Home Investor
  • Spanaway, WA
Replied

Legally, all real estate is owned by the local government entity. Stop paying your taxes and you will see who legally owns the property as they will sell it out from under you.

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