April Birdsong
LLC for Business and LLC for Property Protection Question
5 April 2024 | 13 replies
You have to have the personal protection either way, at which point the LLC is less important.An accountant once warned me to be careful about using the LLC to manage the properties if they are not owned by the LLC because it could potentially trigger taxable events.
Andrew O.
Does owning RE question your sanity?
6 April 2024 | 45 replies
Then to add insult to injury, you get hit with multiple large CAPEX items at the same time.
Christine Wilcher
The debate between Personal name & LLC's
4 April 2024 | 5 replies
You will get a lot of opinions on whether to own in your personal name vs. the LLC - be aware though that if you transfer them to your LLC now, you will trigger transfer tax which can be quite substantial.Going forward it would certainly recommend setting up LLCs to purchase your properties.
Charlesa F.
Putting property in an LLC
3 April 2024 | 5 replies
First, will your lender trigger a due on sales clause?
Yates Harris
Advice on renting primary residence
3 April 2024 | 6 replies
They set minimums for coverages, knowing they will rarely exceed those minimums.Lawsuits for injury are rare.
Priyanka Shah
New investor looking for some advice
3 April 2024 | 5 replies
Find a good agent and good lender, run some numbers, see homes and pull the trigger.
Bret Halsey
Seller-financing vs lease-option vs land-contract
3 April 2024 | 4 replies
Am I correct to assume this is very similar to seller financing however without title transfer since there's underlying debt he doesn't want to trigger due on sale clause?
Nathan Frost
LLC Address (What is best for security)
3 April 2024 | 19 replies
You could also forward to a personal address, but the address forwarding triggers address updates for some senders.
Chris Seveney
Is this Impressive - $658M Ponzi Scheme
3 April 2024 | 9 replies
Thankfully before I ended up pulling the trigger, someone shared the whistleblower article on these forums...