Good morning! I have a rental property (townhouse), i plan on buying more, but i am currently in the process of closing on a house that will be my personal residence. Should i get a revocable living trust for my perso...
We are purchasing our second investment property in Hawaii. Our first property in Hawaii is owned by "Property 1 LLC," which was formed in Hawaii. This is a multi-member LLC. We live in California, and self-managed th...
With a few mouse clicks anyone can find out where you live, what you own, your cell phone number, your relatives’ names, and more. A simple search of your local appraisal office will reveal what you own. The good ne...
Under contract in Michigan, home was planning to stay in my name and I was going to when needed get an umbrella policy in my name (primary residence in florida) of a few million for ithowever I am being told as I am o...
Is it best to put rental properties into a trust vs LLC? If so - which type of trust account is best? Who's name is best to have the trust under? Are there any trust attorneys that would be willing to provide consolat...
A colleague of mine is looking for a successor trustee for her trust (i.e., a trustee who would take over after she passes away) who is knowledgeable with managing rental property investments as well as a stock and bo...
I'm trying to wrap my brain around the concept of giving an offer. If I'm wholesaling and I don't have any cash to buy the property; but, my intention is to find a cash buyer am I able to say that I will buy their pr...
Hi BP - I have my eye on on a piece of Land in CT that is owned by a person's name followed by Trustee (John Smith Trustee). It does not have any buildings on it, just land considered wetlands. It appears no taxes h...
Hello BP Community, can anyone provide insight on the practicality of using a living trust to hold rental properties vs an LLC for asset protection? Thanks, Cheryl Burd
Hi, I have a few questions about the use of land-trusts and LLCs to protect assets. So, I understand the land trust protects the privacy of all owners and the beneficiary of the trust can be an LLC in order to pro...