Nathan Farkash
Purchasing Property out of state - LLC Question
3 July 2024 | 5 replies
An LLC is useful for two things: anonymity and legal protection.
Adam Burrows
How to Avoid "Piercing the Corporate Veil?"
1 July 2024 | 5 replies
My primary goal is asset protection, followed by simplicity, and a bonus goal of as much anonymity as possible.Thank you!
Jose Fernandez
1031 Exchange Process
28 June 2024 | 4 replies
The great thing about BP is that you can actually talk to clients of the QI and not just anonymous ratersWould love work with you.
Derek Bleam
Questions about starting an LLC
26 June 2024 | 18 replies
Setting up an LLC in a state with LLC anonymity is great for protecting your privacy; however, privacy is really the only additional thing you are achieving.
Sweta Jain
LLC for rental unit
26 June 2024 | 8 replies
An LLC is useful for two things: anonymity and legal protection.
Rafael Pinho
FIRPTA doesn't apply to a domestic LLC that has multiple members. True or False?
25 June 2024 | 5 replies
You ask because you think the LLC protects anonymity, but not from taxes.
Susan Thelen
1031 Exchange Company
24 June 2024 | 4 replies
And actually interact with folks who have used them before as real (not anonymous) references.
Jonathan Greene
5 Tips To Create A Real Wholesaling Business And Not a Chop Shop
2 July 2024 | 108 replies
We are trying to help you not step into the mud puddle you are about to.Your attitude is a classic combination of a lack of self-awareness, misplaced bravado, and anonymity.
Ryan Fox
Form an LLC to manage property for first rental unit?
22 June 2024 | 8 replies
An LLC is useful for two things: anonymity and legal protection.
Petronella Kerssens
Advice needed on purchasing multiple properties in Florida as European investors
23 June 2024 | 11 replies
To mitigate this risk without using an LLC, consider:Umbrella Insurance: This provides additional liability coverage beyond your standard homeowners insurance.Equity Stripping: This involves placing a lien on the property to make it less attractive to potential creditors.Land Trusts: These can provide some anonymity and protection while allowing you to maintain personal ownership.Insurance:Ensure you have comprehensive insurance coverage, including:Property insuranceLiability insuranceFlood insurance (especially important in Florida)Loss of income insuranceLegal Structures:While you've decided against using an LLC, consider consulting with a local attorney specializing in real estate investments to explore other potential legal structures that might offer protection without the tax implications you're trying to avoid.Property Management:Given that you're based in Europe, consider hiring a professional property management company to handle day-to-day operations, tenant screening, and maintenance issues.Market Research:Thoroughly research the specific areas in Florida where you plan to invest.