If you do decide to establish one, you can transfer the property from your personal names to the LLC using a Quit Claim Deed.

@Michael HammerI suspect they may be referring to an allocation of expenses to business use that would otherwise be nondeductible but because they’ve established a business purpose for the expense, they are taking the position that a portion of the overall expense is part business and part personal.

Turnkey real estate offers people a passive way to invest in real estate with an established team.

After you establish a good w2, or somehow get approved for lending, the world is your oyster.

They said yes and I established a rapport and explained about me and asked if she would negotiate over the phone and secured a purchase price.

One company owns everything and does nothing (this is your SLLC a/k/a “asset holding company”) and a completely separate company handles all of your operations (this is a traditional LLC a/k/a “operating company”) For the operating company which serves as your face to the world and through which you do all your business, you establish a Traditional LLC to carry out the operations of your investments.

I have been reading previous post from you and have been to your blog and am wondering if a property is listed with the wrong address (1 number is incorrect potentially voiding the sale) and the tax certificate is purchased, notice to vacate it sent, and ejectment lawsuit is filled 6 months later to establish possession, if property is adversely held by investor for 3 years can the investor get the deed to the property?

I want to establish a LLC for asset protection and tax reasons. 

Not so much questions but what I try to establish when working with an agent. - Establish if you are looking for buy and holds or fix and flips (CHOOSE ONE!) 

I think we were all in for less than $300 to establish it.