The idea of using real estate professional status and then protecting those assets in an LLC which is owned by some other more fancy asset protection structure is nothing new.

The most important thing is building the right real estate team and finding a great realtor to work with - someone who can plug you in with their GCs, PMs, lenders, etc.

Hi Natali,I am not an attorney so I would suggest contacting a local real estate attorney but having an LLC should provide personal liability protection. 

I am reaching out to this amazing community to tap into your collective wisdom and experiences.Has anyone here ever donated real estate for tax benefits? 

Hi there, this looks to be a great forum and I can't wait to both contribute and learn from you all.

I've made it my mission to share my experience with as many real estate investors, home improvement contractors, and homeowners in the Greater Pittsburgh area as possible.I wanted to give you a heads-up about my experience with Affordable Dumpster Rental.

I recommend working an accountant who specializes in real estate taxation and tax planning.

We have a 14-page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

There is nothing wrong with FHA, but most real estate pros would agree that if you are trying to get a seller to accept an offer when there are other competing offers, a conventional loan offer is going to usually be more favorable than an FHA offer at the same price.   

Have you invested in real estate before?