Nathan Frost
Getting rentals on an LLC
10 June 2019 | 38 replies
Thanks.My layman understanding (ie I'm not a lawyer and you should consult with one for any legal decision) is:If you transfer your property to your LLC, you need to get consideration for it (ie share, beneficial interest, etc...)Then you need to manage your LLC as a business separate from you (no commingling of asset, proper documentation of meeting, proper administrative chores, etc...) as failure to do so will probably pierce its veil of protection.Except for that, unless your transfer is reversed for other consideration (like fraudulent transfer to avoid an existing creditor), your LLC should provide you the inside and outside liability offered by the LLC in your State.
Robb Werner
What Could Go Wrong? Purchasing Without a Realtor.
7 January 2019 | 8 replies
After all, we hire lawyers when we need legal advice, doctors for physical issues and accountants for taxes.
Kyle Johnson
How To Put Rental Under LLC
7 November 2019 | 6 replies
I use a lawyer for that and we quit claim it.The fine print on your loan may not allow you to do this.
AJ Smith
[Calc Review] Help me analyze this deal
7 January 2019 | 5 replies
I will incorporate these tips into my next analysis and for my consideration of macroeconomic effects in my area.
Trenton Dwaine Cottrell
Trenton and Jamie New Members
5 January 2019 | 0 replies
At the moment, the question we are wondering is how much do you need to know to effectively Rehab in the Brrrr strategy?
Kristi Harmon
Utah laws concerning the emotional support animals
8 January 2019 | 6 replies
I did find out from my lawyer as a Realtor that rule probably wouldn't hold up in court if a Realtor owned less than four homes they would still have to adhere to the fair housing.
Ricky Cover
Wholesaling age requirement?
31 August 2020 | 6 replies
I am not a lawyer, this is not legal advice.
Matt Holt
Legal Structure for Rental Properties
7 January 2019 | 9 replies
Yet I do not know a lawyer that would buy property in their own name.
Robert Dabicci
Opening HELOC, should keep unsecured line open as well?
5 January 2019 | 0 replies
However, I also don't know if having so much credit relative to my income will have an effect on my ability to get approved for a loan to purchase a property or a refinance option.
Mark Hughes
What is your true vacancy rate??
7 January 2019 | 19 replies
My vacancy rate is effectively zero.