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Results (319)
Leonardo Morantes Gomez Keeping current primary home as rental property
17 March 2024 | 16 replies
moving it to an LLC will not do much for you in the way of asset protection OR taxes (double check that with a cpa, everyone's tax picture is different). most people lean towards the LLC thing for legal protection, but a single-member LLC is a thin veil that's easily pierced. you'd be paying LLC fees & paying another LLC tax return prep fee, for what i'd say is nothing. if you do want to transfer the deed to an LLC anyway, you'd do a 'quit claim deed' with a title company or real estate attorney. if the mortgage lender ever says something you'll just give them proof that it's a single-member LLC and the one member is you (the original borrower). 
Ken Weiner Anderson Business Advisors
20 March 2024 | 193 replies
Most don't look for asset protection or think it's necessary until they get hit with a lawsuit (i.e. mold).  
Jackie Linne Taxes for new LLC
28 February 2024 | 6 replies
Folks usually get an LLC in this situation for liability protection or anonymity.
Joshua Bailey Create an individual LLC per investment property?
20 February 2024 | 15 replies
and only after you covered properly the "other" aspects of risk management (insurance, umbrella insurance, proper property management, etc.).Here are some visual diagrams to help you in your quest:Asset Protection Decision Diagram - to help assess the need for asset protection, and what to implement : https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-decision-diagramAsset Protection Onion Diagram - what, when and at what cost one should implement in terms of asset protection - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-onion-diagram-v2What is needed for a complete asset protection OR the domains that need to be intersected to find asset protection
George Post Mother Inlaw Inherited 50% of a property, what do we do now?!?!
2 February 2024 | 2 replies
Those in the asset protection or tax field, what are your thoughts?!
Brian Schlosser Self traveler insurance
1 February 2024 | 11 replies
You probably can't call it "insurance" in your state, but you could call it "Cancellation Protection" or similar. 
Andrew Angell Questions around Passive vs. Active classification of activities in my LLC.
21 January 2024 | 12 replies
Just another example of more conflicting info, though, as you're telling me it's possible while @Kory Reynolds says it's not, and you both seem to have tax credentials.I work with Anderson Advisors, who is supposed to be tax / real estate specialists, yet when I speak to different people within their group I get different answers.I've talked with KKOS Attorneys (Mark Kohler) who is also tax attorney that specializes in real estate, and again, I get conflicting answers.I talk to local CPA's and attorneys who yet again give me conflicting answers.Do I just pick the one that says it can be done and make sure they'll back me up with some sort of audit protection, or what do people do when they HAVE spoken to the "specialists" and keep getting different answers?
Marcus Auerbach Thank God I had an LLC!! - Said no one ever!?
19 January 2024 | 140 replies
None of this will give you full protection or anonymity, the point is to mitigate it as best as can.
Jack Ni Doing a "subject To" with land trust could put me in Jail?
13 June 2018 | 6 replies
I know a couple guys in my home town that served 5+ years in a federal prison for this.If you're moving ownership into a land trust that you also control and have no intention of defaulting or selling and avoiding the payoff, it could for sure be argued as positive fraud, but the intent would more likely be for something like asset protection or some kind of investment arbitrage - which could still be fraud.  
David Espana Pet Policy: Breed Restriction San Diego
27 November 2017 | 23 replies
Assistance animals perform many disability-related functions, including but not limited to, guiding individuals who are blind or have low vision, alerting individuals who are deaf or hard of hearing to sounds, providing protection or rescue assistance, pulling a wheelchair, fetching items, alerting persons to impending seizures, or providing emotional support to persons with disabilities who have a disability-related need for such support.