All Forum Posts by: Kenny N.

I keep pushing my agent to write a low ball offer on several properties but all get rejected. 

In respect to her time, I am a bit skeptical now and wonder on how to overcome this and not jeopardizing our relationship? 

Thanks
 

As a CA resident, I was advised to set up WST to hold out of state LLCs and that helps avoid $800... I am still unclear how it works and if there is any law case to support it

I am planning to file an LLC in AZ where my first rental is purchased.

1. Can I file LLC using online services and generic operating agreements for a married couple? manager managed instead so only my name is displayed publicly?

2. Once LLC is filed, do I need dba filing and/or city license for a rental house?

Appreciate your insight

Thank you

Hello All -

I am a newbie and I got WST set up in Wyoming (for privacy and protection).

Now that I wanted to purchase a rental property in AZ, what would be the best LLC structure to set up?

I received some suggestions but still could not connect the dots yet...

1. WST (acting as a holding company) to hold a rental property and a separate domestic operating AZ LLC set up to handle all rental transactions with local property mgmt companies (operating LLC owns no asset)

2. WST is a sole member of Domestic AZ LLC which holds the rental title and conducts rental transactions

Appreciate your thought. Thanks

Kenny

@Laura Richards - follow up your post

1. If Land Trust is used - What is the recommended entity for trustee for anonymity? natural person or WY LLC?

2. If Land Trust is used - can i be owned by WST or DSW directly (as a holding trust) or it needs to go inside the LLC first?

3. Can we have a separate operating LLC to handle contract agreement with local management company and to receive/disburse the rent income on the property owned by Land Trust or LLC in item 2?

@Matthew McNeil - I love your dyi approach - not only cost effective way and also get things done quickly. I am more concerned of drafting/using the correct verbiage in the Trust or LLC agreements there. Any suggestion?