Edita D.
Tenant owes us 3700$ with intention to file for bankruptcy.
1 August 2016 | 46 replies
I assume next you will mention piercing the vail so then we must keep in mind that we are talking about a $3700 judgement.
Account Closed
best way to protect myself???
17 August 2014 | 29 replies
Piercing the holding company to get to personal assets would be even more difficult.Hope this helps!
John Franczyk
Average Rent Research in Southeastern Wisconsin
9 March 2017 | 12 replies
(We have rentals in Pierce County WI)
Anita Parsa
Scare me! What are the risks I need to be aware of before REI?
26 November 2019 | 31 replies
A lot of people try to use the LLC to shield their assets and that is the purpose, but generally for legitimate business purposes and not for the pure investment used only for cash flow - those have been pierced by courts and will probably always be open to that.
Ben C.
S-Corp or LLC for flips?
7 June 2019 | 37 replies
Ferreting out the person behind something like that is John's job, but even most shysters won't put in the time / effort it takes to pierce multiple corporate veils, find the trust at the root of the structure, then make the paper chase to find the protected (non-public) information which would lead to a person who may or may not be in control of the entities and their activities.
Ashley Petersen
What would you do with $60k if you’re goal was $5k/mo. income?
12 May 2020 | 111 replies
Her intention is to live in half of it and run a tattoo and piercing studio out of the storefront.
Jerry Pierce
Newbie here! My first tenant screening
9 September 2020 | 13 replies
@Jerry Pierce BiggerPockets has recommended screening companies on their site under the landlord resources tab.
David Montore
New guy from Pierce County, Washington
30 April 2018 | 2 replies
Hi all!
My name is Dave Montore and I’m starting on my real estate journey after it’s been banging around in my head for years. My 23 years in the Army are coming to a close next spring and I’m looking forward to ...
John G.
Help. Mortgage says LLC is a no-no!
7 February 2019 | 68 replies
I would talk with your attorney, but it is my understanding that buying it in your personal name and having a loan in your personal name "pierces the veil" of the LLC and holding title in the LLC will provide zero liability protection sine you already co-mingled the asset