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Greetings BP Friends!I am currently having an attorney set up a holding company and an operating company for me. We've discussed various options like Series LLC, land trusts and even setting up LLC's out of state (Tex...
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The mortgagor of one of my "sub2" deals asked me if I would be effected if he/she files bankruptcy. Currently home is deeded to a land trust. I own several "sub2" homes and this has never come up. Has anyone experi...
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Hello PB friends,I am in the process of gathering information so i can purchase my first home. My plan is to buy and hold a multi-family residence, live in one and rent out the others. Should i setup an LLC and purcha...
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Hey all, I am an investor from Winnipeg, Canada that owns a couple rental properties, 4 doors total. They are all buy & hold properties with a mix of long term and short term furnished rentals. After consulting my...
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Hi,Has anyone obtained title insurance in California for a property that was held in a Land Trust? What California Title insurance company did you use?The reason I ask is because I was advised by Anderson Advisors to ...
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I formed an LLC in Washington State, used the UBI I received to obtain an EIN and am now wondering if I need to also file for a business license too. According to these general LLC startup guides, you do, but I do not...
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I'm in negotiations to buy my first real commercial property. It's a mixed use building w\ 4 apartments upstairs and an restaurant / store front down stairs. I would plan to lease the restaurant space (no desire for ...
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Hi all,I need an LLC for an out of state RE project. Is this something I need to hire an attorney for? Where do I incorporate it? Is there a way to do it myself?It's for me alone and there are no other partners/invest...
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Some of you may have recently seen a post of mine looking for some guidance on creating an LLC. During this time I have been making calls to banks in the Ohio (properties are there) to see who will refi under an LLC. ...
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How would you structure this portfolio?
Here is the scenario. I have the deeds to 4 single family properties that are unoccupied, all owned by relatives who wish to pool them together to be developed for rental prope...