I would like to setup LLC especially for Asset protection. This is for rental properties. Creating LLC by myself doesn't seem complicated but I read/heard about some clauses/jargons such as forced distribution, chargi...
Hello!This is my first post, but by far it isn’t my first time on biggerpockets.com. I’ve been silently lurking in the shadows trying my best to emulate a sponge. My experience with real estate is somewhat varied. I g...
What is the best way to buy in other states than which you live? In the LLC in which state you live? Set up an LLC in each state (expensive)? I am in Texas where I have my LLC's. But stepping out to other states s...
Up until this point, I have only flipped houses, but I want to begin searching for rental units to purchase. I have heard it is best to start an LLC for each rental property you purchase, so that if you get sued, they...
Hello Dallas forum members!Having been a long-time reader but first-time poster, I'm writing to introduce myself: I'm Justin, and I live in the medical district area of Dallas near Uptown. I came across BiggerPockets...
Hello, I am a newbie to the real estate investing and I am going to be purchasing a duplex this July. I am very confused on whether opening an LLC and having my rental income go through a LLC is beneficial? I have als...
My grandparents have 11 single family properties in Arkansas they would like to sell all at once. They arent interested in splitting them up. I would like to find a way to acquire them and keep them in the family, how...
Hello BiggerPockets, I am looking to buy my first rental property soon. I have been talking to everyone I know about real estate and it caught my fathers interest. We are now considering on buying property together (m...
Hoping someone may have some advice:We are a three person REI partnership, all partners live in California.We invest in mostly Indiana properties.We are trying to accomplish a couple of legal goals:1. Protect each ass...
I have been doing a lot of research on how to legally structure my properties. I currently have a SFH and a duplex located in Ohio. My SFH used to be the house I lived in so that is still in my name. The duplex I boug...