Kelly Monson
Setting up a management company to qualify for Real Estate Professional designation
23 March 2015 | 2 replies
I am not doing this for asset protection or any other reason - just as a way to demonstrate that I manage properties in addition to our own and to count those hours of activity.
Glenn N.
income for solo401k passive income
31 October 2022 | 20 replies
It is probably the best for asset protection, but do you want or need that full protection or is that something that you want to build over time and can accept to have a lower level of protection for now and just create the corporation and one or two LLCs.Again, it is your choice.
Kenny Breeze
Top Reasons for Buying Real Estate from an LLC?
23 February 2017 | 1 reply
Most individuals put properties under a LLC for tax, asset protection or organization purposes.
Dan N.
Why do people use LLC for "buy & hold" rentals that have mortgages?
17 July 2023 | 87 replies
It's not just about 100% asset protection or 100% anonymity, those are almost impossible.
Dustin Burke
Do you really need a Tax Attorney?
14 March 2018 | 6 replies
Even "tax attorneys" are typically attorneys that defend you against IRS audits and lawsuits, not typically people you want to go to for specific tax advice.As @Logan Allec said, you want an attorney for forming business entities like LLCs for asset protection, or for drafting any contracts or agreements necessary for your flip business (partnership agreements, etc).
Misael Carlos Vera
Buying Property without LLC
26 November 2020 | 132 replies
Since Trust documents don't need to be filed, they won't know...Are you trying for asset protection or to "hide" from your tenants so they just don't show up on your doorstep?
Jerome Hanson
Lender that refinances LLC owned property - know any?
16 March 2017 | 7 replies
And lastly do you recommend using LLC for asset protection or is it too much of a hassle?