Hi Everyone,
I just closed on my second property of the year. And I was wondering for the people with multiple rentals, how do you have them structures from a legal standpoint? Right now, the properties are just in m...
Hi all,I am hoping to get some clarification on how you can structure a Series LLC as a holding company that owns traditional LLCs within it. I understand a Series LLC provides the option for multiples "cells" that ea...
Who would you recommend as a real estate attorney to form a series LLC in Texas? I heard Texas has very good laws.Also, all attorneys would say I must name the LLC myself, they cannot name it for me. What are some t...
Anyone know of anybody in town (Las Vegas or Henderson) willing to open a bank account for a series llc cell? Banks like Wells will open one for the master llc but not the cells, so that won't work.I know the larger i...
I have talked with two different attorneys. I got opposing opinions on below and wanted to get what others know (or do) on the subject. Please note that this is for a Texas Series LLC.
1. Imagine you have a Texas Ser...
Hi all,For a series LLC, where each property is titled in a separate series, what is the best practice in your opinion for contractual obligations of those series? For example, if one series contains one rental unit, ...
I'm in Houston TX area. I have 3 real estate businesses I started 3 years ago. 1) Sole proprietor Fix and flip business: doing 15+ properties per year all cash with 6 to 9 properties in inventory. 2) Sole proprieto...
I'm in South Carolina, which does not offer a Series LLC and I only plan to buy rental property in SC. Let's say I form a Series LLC in TX for example, I'm assuming it then needs to be registered as a Foreign LLC in ...
I’d like to share my adventure with a Series LLC. This was recommended by my attorney and after more research it seemed like good route to take. The first series was set up in October 2018 and my bank, First Commer...
We live in Washington State (no income tax) and own properties in Washington and Indiana. The properties are currently held in our names. Our estate planning attorney recommended setting up a Series LLC in State of ...