Alejandro Lee
is an LLC really necessary?
Live in California and have 2 rental properties in Cleveland with a total value of 150K at most, is creating an LLC for each property a viable option for asset protection?
Tim Lindstrom
Self directed IRA to help girlfriend
I know I will have to talk to someone who specializes in self-directed IRAs, but thought I'd float this question on BP first.Would I be able to use my self-directed IRA to loan money to my girlfriend, to purchase a d...
Account Closed
My first self storage deal
Hello BP, I am a beginner real estate investor down in Florida. I am currently running a STR that has been cash flowing very well and i am looking into expanding my portfolio. One of the asset classes that i have alwa...
Brian Walters
The classic LLC question - but with a twist
We have all seen and read opinions on what people just starting in real estate investing should do in terms of creating a LLC to own and operate each property. Most of what I have read speaks to the opinions for youn...
Jeff Hursey
Asset Protection and Privacy in Southern Illinois
I am curious how investors in Southern Illinois approach asset protection and privacy protection, specifically for a partnership. I've hear that most buy and hold investors use an LLC, however the cost of an LLC is mu...
Isaac A.
LLC and asset protection
I need assistance with this. I have not done any deals. I want to start very soon, but I don't want my name to appear on any deals; I am thinking of forming an LLC to do purchases. How much does it cost? where do I fo...
Serge Shnayder
Insurance & Trusts
Hi,I am new to this forum - but thought I would give it a try - since I've really enjoyed reading lots of the posts on here.Here is my real estate history:I own 3 properties around the Boston area. I live in one and r...
Diane Stinebaugh
Umbrella Liability instead of LLC?
I'm having trouble following all the rules of the game. I want to buy a rental house with a convention 30 yr fixed...but secondary markets don't want to lend to an LLC? but if I want to have the rent house in my nam...
John Hyre
Criminal Offense for Not Registering LLC in Cleveland, OH
Ordinance in Cleveland makes it a first degree misdemeanor to buy property in an LLC without registering the LLC to do business in Ohio. Know of an LLC that just got convicted on two counts. $500 fine for each count...
Syed Quadri
Airbnb through LLC and Tax
Hello all,My wife and I own an Airbnb rental in Chicago, IL, and live in Sacramento, CA. I'm looking for the best way to handle the taxes and take the most advantageous approach for the future. I have a ton of questi...