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9 January 2020 | 6 replies
Maybe bill your services as rehab/reno rather than wholesaling, but I don't know if there are state-specific laws for licensing and consumer protection that will apply in that instance that would stop you from doing it.
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9 January 2020 | 9 replies
A good lawyer would argue that this new owner protected you from any damages.
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10 January 2020 | 8 replies
I second what you mentioned on insurance, umbrella insurance is far more important than LLC for protection.
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10 January 2020 | 9 replies
You do not require internet service at the property you're protecting.
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16 March 2020 | 68 replies
They have too many controls in place to “protect” the large corporation.
10 January 2020 | 3 replies
With that many partners I would suggest a LLC for the protection and know that your more than likely going to be getting commercial financing.
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10 January 2020 | 8 replies
I am trying to protect my investment and also be polite and courteous to these tenants, which is why I would like to give them options.
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17 January 2020 | 9 replies
@Steven Torok - since an LLC is only a legal hedge of protection it doesn't offer any tax benefits since it acts as a pass through entity.You'll be paying income tax on any profits that your rentals show, regardless of what you do with the money (whether you buy more real estate or a Porsche).However, if you refinance the properties, you can often show a loss for each rental property after depreciation/taxes/mortgage/expenses.
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11 January 2020 | 5 replies
Inspections are to protect the Landlord, not the tenant.
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11 January 2020 | 8 replies
This gives you protection if you wind up in a lawsuit because of your connection to the property.