My sister and I just bought our first rental property together in Providence, RI! As we started going through the closing process a month ago, we began asking ourselves, "do we need to form an LLC?" The main concern ...
Hello,
I have a question about forming LLCs to protect my investment properties that I intend to start doing here shortly. Before someone says, you don't "need" an LLC. I know I don't need one, I do prefer one for an...
I own a property that is zoned commercially. I want to put a business there. My wife has an LLC she established several years ago. I’d like to transfer the property into the LLC prior to beginning the business. Ex: f...
So I was speaking to a provider about SBA loan options for a small business i am starting. Its not real estate. He suggested I look at a hard money loan from a provider that he just started working with and the deal ...
Flippers, what's the best way to organize your bank accounts?
I have a personal account and an LLC business account.
Currently, I keep the bulk of my money in my personal account and transfer funds as needed to my LLC...
Last week, some partners and I closed on a 42-unit property in Daytona Beach, FL. This deal puts our company over 350 units, and I wanted to share some things I’ve learned while we’ve grown the business.
Full disclo...
I’ve purchased a few units (5) this year in Georgia and I’m wondering if I need to get an LLC. I’m up for answering any questions that you may have in order to get some solid feedback. I look forward to your responses!
Hi Guys, I went on a purchase frenzy this year and I think it is really time for me to sit down with a good CPA and an attorney to discuss the best option to protect my family and personal assets from the risks associ...
What do most rental property owners do? Do they hold properties through LLC or just on their name?Am seeing scary articles about getting sued and attorneys chasing your personal assets on top of insurance cover.
I'm into my 3rd rental properties (with very decent renters) under personal ownership. We increased our umbrella policy to 2 million. Insurance agent advised that this should be ok. Any thoughts?