Kyle Weinapple
LLC or not? If so, which LLC option is best?
19 August 2024 | 13 replies
If someone injures themselves and sues, they will be suing the LLC and not you personally.
James Mays
LLCs - Holding Companies - Scaling
15 August 2024 | 6 replies
I've yet to have anyone on BP articulate to me how an LLC in one of these states perceived to have greater privacy protections will prevent a plaintiffs attorney from suing the deed holder in the event someone is injured on your property amongst the various other common claims a property owner is subject to.
Josh Miller
STAY AWAY FROM NREIG (National Real Estate Insurance Group)
14 August 2024 | 51 replies
We had another claim whereby a tenant claimed that they were injured by a kitchen cabinet which came loose from the wall.
Makan A Tabrizi
Items in Common Areas
7 August 2024 | 2 replies
This could apply to anything left in the common areas by one tenant that might potentially injure another tenant.
Kyle Weinapple
LLC or not? If so, which LLC option is best?
5 August 2024 | 9 replies
Like a trust.LLCs do not open some magical door to more tax deductions.I tend to recommend LLCs where the properties are located, but then those LLCs are owned by a Wyoming multi-member LLC.But if you think that you can skip fixing that loose railing and hide behind an LLC when the tenant is injured, you'll regret it.
Sheldon Alex
Wrap Mortgage Private Money Partner Analysis
30 July 2024 | 6 replies
Fools investmentThere's a fire- cannot rebuild and investor loses everything; owner ruins his credit; injured tenant sues everyone; everyone broke.Lender calls the loan- everyone losesPaying down a loan does not reduce a payment, this is not a HELOC so that part is not math.There is zero equity to loan on, no one will loan on this.What would buyer have to do to convince a poor elderly person to take this risk- scare them, threaten, lie?
Fabian Escobar
Real estate investing company structure
29 July 2024 | 8 replies
If someone injures themselves and sues, they will be suing the LLC and not you personally.
Frank Yaccarino
Del Walmsley lifestyles unlimited
26 July 2024 | 25 replies
Quote from @Jeff Krus: Quote from @Greg Scott: Second I want to setup my daughter who has Autism so she can have some nest egg when I am gone,I have a son who was injured at birth.
Kevin Pinkard
Property Transfer to LLC
24 July 2024 | 6 replies
If someone injures themselves and sues, they will be suing the LLC and not you personally.
Sokun So
Pickleball Court or Pool
24 July 2024 | 31 replies
a) everyone can use a pool, b) not everyone can or will use a pickleball court c) almost everyone who is a bit older who started playing pickleball ended up injuring themselves, d) a pool is a lot prettier and adds a lot of ambiance to a backyard.