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Ive been researching entity formation (interested in SFR and MF buy and hold) and I'm a 'little' confused (to say the least).Would it be best to consult a CPA first to determine the best structure from a tax standpoin...
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So I understand that having an LLC is beneficial but I have no idea where to start learning about the benefits and how it works. Any suggestions on business finance books or online classes (preferably free) so I can s...
Now that you have an asset, let's talk about asset protection. Below are a few strategies I've ranked from worst to best, which offer varying levels of protection. Worst:
- No coverage, held in your name.
Bad:
...
Hello all,
I am interested in the topic of asset protection via an LLC. I am also interested in all of the tax benefits/advantages associated with claiming business expenses, so…. forming an LLC for a rental ...
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Hey everyone! Hope you all are doing well. My wife and I just moved out of our primary residence (held in our individual names). We are now going to rent the property at out as a traditional rental. I know an LLC is i...
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Just bought my first investment property and will be using it as an STR. I'm debating on creating an LLC when listing my rental. Has anybody else done this? I'm doing this to protect me if any accidents happen in/on t...
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Hi all - I'm just getting started in real estate investing. I have not yet attempted to buy my first property. I understand mortgage basics, but the most real-world experience I have with loaned resources is my car...
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Hi,Probably a pretty basic insurance question but I need some help figuring out how to structure liability insurance for my rentals. I have four rentals properties in NC and they are all under one LLC right now. Curre...
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Hi guys,I had a business that went under with heavy debts, some of them personal. I was unable to go the bankruptcy route and now have judgments against me from creditors. If/when I rebuild financially I was wondering...
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Hi-I have an existing traditional LLC (me & wife members) with couple of Farm land properties that are leased out. I am planning to buy and hold cash flow rental properties now. I am trying to figure what's the be...