All Forum Posts by: Peter Forrest

Many thanks for the advice gentlemen. I truly appreciate your it!!  

@Jeffrey S. Breglio just a couple more questions:

1) Do you file one tax return to the federal government as well, or do you file separately for each individual series

2) I called my registered agent in Delaware, and I can easily change my LLC into a Series LLC through an amendment of the company formation documents. However, they also said forming the individual series is an internal procedure.....something which can be done with a company resolution - that sounds suspicious to me. Is it the same in Utah?

@Brad Chandler really? What kind of protection/structure do you have now?

I mostly buy and hold. I have four units so far, and one under contract as we speak

I generally agree with everyone here. As I have had some tenant problems, I would like to reiterate what @Elizabeth Colegrove said. Once you go through the process of legally crossing the "t" and dotting the "i" the law is clear, and it really helped me deal with a bad tenant.

It took a while to get the registrations, inspections, lease verified etc done, but its good to have it all in place. Hope that helps

I listened to the podcast on asset protection, and honestly dismissed it for a couple of weeks. However, the more I am learning about RE, the more I realized that I need to have an asset protection, estate planning and all that stuff in place. My first step is get a series LLC formed in Delaware. Do you know any lawyers who can help in getting this is done right? I live in Washington DC, so someone who knows a ton about DC would be great.

Many thanks!!! I am new to the site, but will post a picture to introduce myself.