Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Anthony Dupre

Anthony Dupre has started 15 posts and replied 36 times.

@Costin I. would you mind recommend the laywer who has helped you implementing these structure and advised you them? feel free to DM. Thank you!

@Jason Wray,what impact having a blanket alone will have on her insurance? will it be consider then as 1 property because they are all under one loan ?

@Josh Davidson Thank you for your input. I am a newbie and just starting to learn about asset protection. I have the impression like you that they all create these type of unique structure to tell you we are your only savior and the only person who can protect you after paying 1000$ and 1000$ of dollars.
Would you mine sharing what type of structure you have find to be good for people who start? any book, podcasts or resource explaining it without trying to make sure you are agreed and need to subscribe with them at the end?
what is the best place to start? any recommendation or Lawyer? Thank you a Million for any help.

@Stuart Udis Do you think you could help @Max Bellinowith a very high level (helicopter view) of what you think should be good to start with? like land trust, LLC, and high level of what is recommended in RE? What would you recommend to someone who just start? I also don t think

@Max Bellino is looking for free legal advice. I just think that it is very confusing to go see different laywer and hear them telling you that what the previous laywer says make no sense. Maybe a very high level of what is recommended would be super helpful. After all isn't that why this Forum exist? to help and mentor others?
PS: thanks to all this thirds has been very interesting! 

@Max Bellino,

I understand your perspective. Each time you consult a lawyer, you receive a different answer, and the subsequent lawyer may provide a completely different solution or, even worse, refute what the previous lawyers have said.

One of the primary issues is their inherent biases. They have motivations to provide answers that:

1. Generate the most revenue for them.
2. Are based on their capabilities rather than what is ideally offered to you (for example, if a lawyer is only licensed in Texas, they might recommend structuring in Texas even when it's more advantageous to establish, say, a Wyoming holding company, simply because they cannot facilitate the latter).

Comparing this to the medical field, as discussed in this thread, physicians generally provide more consistent advice. When seeking multiple opinions for a medical issue, it's likely that all consulted physicians will recommend a cast for a fracture followed by rehabilitation. In contrast, legal advice tends to vary significantly; as you and I have both experienced, consulting different lawyers often results in disparate advice, unlike the consistency typically observed in medical consultations.

Furthermore, the consistency in medical advice on fracture treatment is evident across various states, countries, and online resources, contrasting starkly with the highly variable nature of legal advice, which is influenced by diverse legal systems and jurisdictions. This inconsistency in law highlights its complexity compared to the more uniform medical field.

@Costin I. I have followed some of your great advice you have shared on other threads as well as some chart on what to follow and read. thanks a 1000000 times. Do you think it might help @Max Bellino here?

What type of attorney specialize in this: 
Real estate lawyer ? to creata a land trust?
Estate planing lawyer?  to make sure the structure is well build so you can pass it to your heirs
Business Lawyer ? to create your LLC

I have reach out to all of the above, but no once seems to do it all or having experience with all of it, which surprised me. Thanks for any help and any recommendation for a laywer in CA and Arizona, OH and Texas! I am a CA resident bit planing on investing in the above states

Post: To form LLC/Land Trust

Anthony DuprePosted
  • Posts 42
  • Votes 8

Which state are you planing on purchasing your investment ?

Post: Land trust not available in CA?

Anthony DuprePosted
  • Posts 42
  • Votes 8

I have contacted a real estate laywer (who seems to have a lot of experience) to talk about the business structure needed to setup in real estate investment. He only talked about LLC. When I asked about land trust for anonymity, he told me that CA does not have Land trust like other state.

All this is the opposite of all the books and reading I was doing. Are land trust available in CA, what are their purposed? if a land trust is setup up for a out of state is it recognized in CA (where I live). Does anyone have any ideas to what he was referring to?
Thanks FOR ANY HELP. 

Post: Parent company: LLC vs LLP

Anthony DuprePosted
  • Posts 42
  • Votes 8

Any experience and input regarding your Parent company that hold several real estate LLC in different state?

Pro cons, why did you choose one vs the other. any thought when it come to asset protection ? any book or reading on the topic?

10000 thanks