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16 October 2024 | 6 replies
I also believe your management LLC is overkill if liability protection is the intention.
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19 October 2024 | 7 replies
Paying for it on card for liability protection, getting warranty/insurance work, pulling permits, lien waivers, etc.2)Get deeper, not wider.
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17 October 2024 | 5 replies
This gives you an additional level of liability protection.
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17 October 2024 | 5 replies
I'm looking to form a revocable trust to have all my assets in it, I understand that it does not protect me as an irrevocable trust would.
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23 October 2024 | 22 replies
If you mean trying to track a deal from start to finish to see how it went I can show you a bunch and walk you through where things go wrong and how to protect yourself.
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15 October 2024 | 40 replies
You should consult with an attorney in your state to make sure that you are using the best asset protection strategy for your situation.Your budget: The cost of asset protection can vary depending on the type of protection that you choose.
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17 October 2024 | 4 replies
A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.
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17 October 2024 | 4 replies
We have a 14-page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.
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16 October 2024 | 4 replies
@Adolphus Fletcher For multifamily investing, most real estate investors typically use an LLC for several reasons:Liability Protection: LLCs protect your personal assets from lawsuits or debts associated with the property.Pass-Through Taxation: Income and losses from an LLC pass through to your personal tax return, avoiding double taxation seen in C-Corps.Flexibility: LLCs allow for flexible management structures and are easier to maintain than corporations.Anonymity: In some states, LLCs can offer a degree of anonymity if you use a registered agent and form the LLC in a state that doesn’t require public disclosure of members, such as Delaware or Wyoming.S-Corps are should be avoided for real estate investing because of various reasons.
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17 October 2024 | 20 replies
If not, buying something random and making one trip there for the inspection isn't going to cut it, and will not protect you from buying a bad deal.Can you pick a market within a couple hours of you instead?