![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2864283/small_1698431378-avatar-steved357.jpg?twic=v1/output=image&v=2)
10 October 2024 | 11 replies
That's why I was leaning to foreclosures so I can do full cash (heloc) purchase.The other part I need to get more fluent in is how to document all of those action items in the LLC to keep the corporate veil.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/376502/small_1621447632-avatar-chrism93.jpg?twic=v1/output=image&v=2)
7 October 2024 | 1 reply
Great news for the local investors, bad news for the California absent landlords (our software catches/filters by property location and borrower primary residence, there might for example be a lender in California that lends nationwide but requires the borrower to live in their 3-county footprint, and every other configuration of that you can imagine).
11 October 2024 | 21 replies
@Matt Durik was the 30-day you gave them a legal state required document?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2192996/small_1664907756-avatar-andrewc854.jpg?twic=v1/output=image&v=2)
8 October 2024 | 2 replies
Finally, arrange for a formal closing and record the documents with the county to make everything official.
6 October 2024 | 3 replies
What was supposed to help the market, just went the wrong way. Yes, I understand why, but that doesn't help matters.
"The average 30-year fixed-rate mortgage rate jumped 27 points from 6.26 percent to 6.53 percent on...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2584122/small_1694677841-avatar-binitam1.jpg?twic=v1/output=image&v=2)
8 October 2024 | 6 replies
You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1433398/small_1723750588-avatar-danay3.jpg?twic=v1/output=image&v=2)
8 October 2024 | 5 replies
Creating these complex structures from what I have experienced only costs me time and money and potential issues down the line to make sure documents are signed by the correct people and entities etc.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2895640/small_1702566777-avatar-dreamm4.jpg?twic=v1/output=image&v=2)
8 October 2024 | 10 replies
You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3130132/small_1728106921-avatar-mackensiem.jpg?twic=v1/output=image&v=2)
10 October 2024 | 7 replies
Keep it simple and keep your documents ready.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2582351/small_1668456773-avatar-maxb164.jpg?twic=v1/output=image&v=2)
15 October 2024 | 26 replies
I gathered all my notes in a 50+ pages document touching on the formation and maintenance of LLC and business structures, transferring assets, protection strategies, trusts, anonymity, insurance, levels of protection, etc. including when you should do it, how many properties per LLC, due on sale clause, selecting an attorney, fees, checklists and resource materials.Doc: https://www.biggerpockets.com/files/user/CosIorg/file/tritoriam-fileAsset Protection Decision Diagram - to help assess the need for asset protection, and what to implement : https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-decision-diagramAsset Protection Onion Diagram - what, when and at what cost one should implement in terms of asset protection - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-onion-diagram-v2What is needed for complete asset protection OR the domains that need to be intersected to find asset protection - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-spectrum-diagram (this is more of a joke depicting the nebulosity of asspro rabbit holes).How a fully implemented asset protection layout might look. - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-structures (overwhelming and overkill for a newbie in REI)PS.