Hello All!I am going to be starting my BRRRR Strategy soon and I wanted to know how I should go about purchasing the properties. I know I need an LLC for certain financing. But which one should I get?In order to refin...
Hey BP Fam! I have 3 properties in my personal name and I need to decide if I should put each one in it's own LLC or form a series LLC. Which will provide more protection ?
Thank you
I am about to get 2 LLC's started and am going back and forth on which one I would like to do. One LLC will be for my properties, the other will be for properties that are owned by myself & my parents as a partne...
Hello everyone,I live in IL and am investing in Wisconsin. I created a series LLC with 3 properties in it. I am going to create a new LLC (not a series) or add a series to my LLC but I have heard conflicting viewpoi...
Forget the fact that some of you dont feel that using seperate LLC to hold each rental property is needed, consider the following:
Concerning Liability, which offer more protection?
1. A series llc
2. a standard se...
Hello, I am currently in the process of putting together a partnership with two other individuals. We are going to start with fix-and-flips and also buy and holds. My question is, which entity is better for our needs?...
I am looking to talk to someone who has created an LLC before or knows someone who has. Can you please message me if you have? I have been seeing online websites to create LLCs and wondering if people have gone throug...
I want to start a LLC in WY to protect my other LLC in other states. What should I do ? Start a Holding Company in WY orLLC ? What kind ? S Corp orC Corp ?
Hi,
Imagine the following setup:
->TexasSeriesLLC that holds no assets and serves as the "parent" LLC, single member (me), member-managed, has its own EIN and bank account.
---->Cell1 - a protected series of ...
I established a series LLC for my 4 rental properties with the plan to add additional properties to the series. Now I read somewhere that if my mortgage is still in my name, and not transferred to the LLC name, then i...