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25 May 2023 | 21 replies
Also, as I mentioned at, if a person comingles funds, a half-wit attorney a month out of law school could pierce that veil.
14 May 2018 | 3 replies
Not only does this make things easier for bookkeeping, it helps to keep you under the protection of the corporate veil... you don't want a potential lawsuit regarding the property to be able to "pierce the corporate veil" by finding you used your personal credit card to pay for an expense related to the LLC. - most lenders will not lend to an LLC, so if you plan to finance the property you'll need to get the title in your name and then deed the property to the LLC.
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7 June 2016 | 6 replies
Hey @David Pierce , did you ever find a good real estate agent with investment experience in Tacoma?
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13 November 2018 | 15 replies
I'm actually in the middle of buying an SFR for my own residence now to officially end the house hacking (live in the duplex lower unit now), and after that I am probably going to be looking at trading up the duplex to a larger investment property ideally someplace south king or pierce if I can find one where the numbers aren't too horrible.
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14 June 2023 | 1 reply
LLC's are not as strong as people think and if someone does a little digging they can pierce that corporate veil like tissue paper.
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22 May 2023 | 10 replies
I also bought my first property under my personal name, but then bought my 2nd under my LLC so I have a little experience doing both.From a liability standpoint there is much more protection/privacy under the LLC, but if this is the goal of having the property under the LLC please be aware there are a lot of ways a good lawyer can “pierce the veil” if something where to ever happen.From a financing/insurance standpoint, it was much easier for us to do personal names.
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6 June 2023 | 14 replies
You should discuss this with your Attorney to see what their opinion is on having your name on the policy and how it could impact someone piercing the veil of the LLC.
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7 June 2023 | 11 replies
Congratulations on throwing money out the door transferring deed to LLC when it does absolutely nothing for you but cost you money since you are commingling you with your LLC and would be pierced faster than an overcooked hot dog
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12 June 2023 | 6 replies
Any attorney can pierce the veil if they wanted to with an LLC.
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28 December 2020 | 10 replies
Based on the collection of answers provided thus far, it seems the best way to have the most protection of my assets in case of a lawsuit (except in cases where the corporate veil is pierced) is to form an LLC to provide that layer protection, get liability insurance and an umbrella policy.