Recently attended a Local REIA Meeting, and the speaker mentioned something of using a Land Trust as a holding place for your LLC to increase your level of asset protection and decrease your odds of potential lawsuits...
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I have heard that when HUD bids are placed that the buyer's agent can't see the other offers, but the listing agent can, and can see the exact amount that was bid. I had thought HUD bids were anonymous, and only the ...
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I have a second home that I'm interested in getting out of my name and turning it into an investment property under an LLC. The property is currently inhabited by a family member that pays the mortgage directly to len...
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Hello,A friend of mine owns rental real estate in his name (not LLC) but collects rent through an LLC, are there any tax advantages or any other advantages with this setup? I as a landlord directly collect rent from ...
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Question ... need help... I have operated our 3 rentals under a “company name”. The properties are all in my and my husbands name and we sign all legal agreements, but I’ve put that company name on letterhead and a...
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Hi All,
I'm looking to learn more about real estate investment trusts. How do you set one up? how do you make sure your properties are protected and left to your kids without any penalties? What are the questions I'm...
I’m looking to get into real estate whole selling and rental properties. What is the best way to set this up?
Here are a couple of my ideas
A holding company with a management company
Separate llcs for wholesale an...
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Hi BPfam,I am considering purchasing a neighbor’s condo that’s across the hall from mine, and combining the two into a larger unit but keep them as two “legally” separate units. The neighbor’s unit is owned free and ...
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I have read numerous threads on this and I haven't been able to come to a good conclusion on this. It appears you may be able to use a service like physicaladdress.com or an attorney address to file for you for princi...
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I am under contract on a complex that has a 20 year HAP in place for low income independent seniors. My half of the capital for the purchase is coming from a 1031 exchange. Since I am partnering on this new complex de...