My lender doesn't allow switching my rental properties from my name into an LLC. I have been reading that an irrevocable trust can provide some level of protection from creditors. Do you recommend putting your rentals...
Hello Pennsylvania Investors,My question today is regarding the use of land trusts in Pennsylvania to hold title to residential real estate. Is it better practice to first deed the property into your personal name an...
My wife and I own two properties in the Saint Paul, MN market - a SFR and a duplex - that are fully rented. We want to transfer both properties into LLCs, but we want to do so properly, and in such a way that sets us ...
Hi everyone!
I am just getting started in the rental world. My father passed away this summer, and left 2 rentals for my mom. Both are owned outright with zero debt.
1) 1800sq ft split level in St. Cloud MN sa...
I just Transferred AAA LLC (me and wife owned 50%-50%) and BBB LLC (me 100% owned) to our revocable Living Trust, before AAA LLC file Tax Return with form 1065 and BBB LLC file Tax Return with Schedule C, What form sh...
Looking to form a partnership with another newbie investor in my area. This is going to be our first deal together. I am wondering what are the best ways to, legally speaking, to "formalize" so to speak the business r...
Myself and two partners have a Wyoming Series LLC. We are just starting out and purchasing a property in PA.I have consulted several real estate attorneys with differing opinions.Question. When forming the series (c...
A good friend told me of a property belonging to the family of his kid's friend. Father passed away a 6 months ago. I'm told by my friend: $70,000 back taxes due. I checked two most recent installments paid. Wife...
Hi everyone! newbie investor here with few properties in my portfolio. As my portfolio grows I am strating to think about all possible ways to protect my assets and myself from all liabilities. I have properties that ...
I'm having second thoughts on a property I was ready to make an offer on. It's a 2 unit property. The basement of the property can only be accessed through the lower unit which is 1 bed/1 bath. The upper unit is 3 ...