So I am wondering if this is a legitimate asset protection strategy and would highly value any mortgage lenders or attorneys opinions. I haven't heard this discussed before.My wife and I own several properties. I ha...
Ive been trying to research the pros and cons of each. It is really confusing.I spoke with my lawyer, and he suggests putting my rental property into a trust.My goal is to buy and hold very long term (sell when it mak...
I know the general consensus is that you should have an LLC for protection but I was wondering if anyone decided to forego an LLC (for maybe an umbrella policy) when they had a single property? I'm in California so LL...
Hi Everyone,Last night I went to a real estate invest presentation.I responded to an ad on Craig’s list and was invited to a presentation. The presenter was really entertaining, he went over the company (Renatus), off...
I am about to close on my first duplex and will be living on one side (top) while renting out the other (bottom).Is there any reason to put the duplex in an LLC?Just have the rent made out to me and have a new checkin...
Hi BP Carebears!My girlfriend and I are looking into buying the first of many income properties. We'll be taking it slow to start by doing the House Hack technique, but we would like to eventually build a nice portfol...
Hi All! I had to share. Against all conventional advice and wisdom, I've just quit my job. My fiance's job brings enough for us to cover are needed expenses and I have about a year's worth of savings built up on top o...
We are new investors and are looking to set things up the right way. Our plan is the buy one or two properties a year. After talking to our accountant he recommended that each property by under its own LLC to protec...
I'm a real estate agent who has a seller offering financing on a single unit. We also have a buyer who wants to buy with seller financing. This is an area that neither I nor the seller have experience with. Because of...
http://archives.chicagotribune.com/2009/jul/06/local/chi-landlord-dead-6jul06