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Results (10,000+)
M Amin Asset Protection for Rental Properties
11 March 2025 | 4 replies
Courts in many states have not fully tested or upheld the liability protections of Series LLCs, and some jurisdictions do not recognize them at all.Key Issues with a Series LLC for Rental Properties:šŸš« Not universally recognized ā€“ Some states do not respect the liability separation between series, making enforcement uncertain.šŸš« Piercing the veil risk ā€“ If formalities arenā€™t followed precisely, a court could collapse the series into one entity.šŸš« ā€œCommon enterpriseā€ concerns ā€“ If a single management LLC collects rent, signs leases, and maintains properties for all series, a court could argue thereā€™s a shared enterprise, which might allow a plaintiff to target all series under one lawsuit.Better Alternative for Asset ProtectionA stronger structure that provides better legal separation and lawsuit protection is:1ļøāƒ£ Each property in a separate traditional LLC ā€“ This ensures clear separation and prevents legal issues with the Series LLCā€™s untested structure.2ļøāƒ£ Asset Management Limited Partnership (AMLP) ā€“ The LLCs should be owned by an AMLP, which acts as a liability firewall against creditors and judgments.3ļøāƒ£ A Bridge TrustĀ® for maximum protection ā€“ If a major lawsuit occurs, the AMLP can be held by a Bridge TrustĀ®, allowing assets to move offshore if needed.4ļøāƒ£ An operating LLC to handle management ā€“ Keeping rent collection and property management separate from ownership limits liability exposure.Why This Works Better:āœ” Legally tested ā€“ Traditional LLCs have clear case law backing their liability protections.āœ” No ā€œcommon enterpriseā€ risk ā€“ Since the AMLP, LLCs, and operating entity are legally distinct, itā€™s harder for a court to collapse them into one entity.āœ” Protection beyond LLCs ā€“ If a major lawsuit occurs, the Bridge TrustĀ® moves ownership offshore, making it extremely difficult for creditors to seize assets.Final Takeaway:A Series LLC has too many uncertainties for serious asset protection.
Donald Paul Asbestos Abatement coverage on insurance policy.
25 February 2025 | 1 reply
TheĀ  tenants are ok and had renter's insurance.During the renovation quotes, asbestos was found and tested.Ā 
Maranda Tucker The biggest mistake I am seeing landlords make in the Charlotte Market
5 March 2025 | 1 reply
We are not in a position to "test the market" right now.
Diego Martinez What is the recommended exit strategy for a First-time Investor?
11 March 2025 | 2 replies
Play devil's advocate and see what comes up and you will likely pressure test your exit strategy.
Thomas Shields Home with a Radon Issue
11 March 2025 | 8 replies
I did not anticipate the property testing high with a 9.8 (pCi/L)Ā radon score.
Cristina Melo Is Boots on the Ground by Brian Grimes a Legit Program
3 March 2025 | 15 replies
I was in this program, simply for the "boots on the ground" @3k/month in Philly to test out two deals there.
Danny Johnson Transitioning existing properties into long term rentals
17 February 2025 | 7 replies
However, the simplest way for an intra-family transfer would be to quit claim deed the property to your sole name/entity, which comes with no warranties or guarantees.Ā 
Michael Turner Has anyone done business with LURIN?
3 March 2025 | 3 replies
Quote from @Michael Turner: here is their website -Ā https://www.lurin.com/thanks in advance -Ā Ā I did a quick check about the company and it passed the initial sniff test.
Kambhampati Aswin Transitioning from Data Analytics to become MLO ā€“ Seeking guidance & oppurtunities
28 February 2025 | 9 replies
A lot of carry-overs that make it easier for us to understand the markets and pricing (the numbers tell a story).You may want to work to find a company that will bring you on as an LOA for a short time while you're getting licensed (and maybe they can help sponsor your testing).Ā 
Mike Castellow Small Rural Acreage Ideas - Lavaca County, TX
12 February 2025 | 4 replies
@Shafi Noss Improving the land would be the simplest since there's already a driveway, electricity, and an old water well that needs to be jetted again.