Tara A.
Should you form an LLC in or out of CA if you are a CA resident but want identity protection?
Hi, I'm looking for some clarification on where to form an LLC if you live in CA but plan to do business in CA and throughout the US? I've heard NV, UT, WY are states the have more personal identity protection, howev...
Bryan Ju
Tenant want to change change his name into his new LLC.
Hello BP family! I have a great tenant for 3 years now and got a call from her asking me to change our lease agreement into his new LLC .WE just renew out contract 2 months ago for another year. How do you handle situ...
Brett Chien
What is the best way to shield assets from foreclosure?
I'm looking to start REI with a partner and was wondering what is the best way to shield assets from potential foreclosures? Are LLC's still the best way to go? I know that it's difficult to get a bank loan if it's a ...
Daniel Tisdale
Converting primary residence into rental property. LLC?
Hi,I am in the process of converting my primary residence in 78745 into a rental property as I am purchasing a new primary residence. How important is it for me to protect this asset in an LLC? I want to grow this bus...
Jonathan Bombaci
Hard money on personal residence?
Does anyone know if a hard money lender would lend money as a personal loan using someone’s personal residence as collateral?I have a family friend going through a bankruptcy (so horrible credit) but his personal resi...
Account Closed
Best Entity for California Residents
I'm trying to figure out the best entity for CA resident/investors that want to invest both in and out of state. I know a California LLC is required to pay 800.00 a year annual tax. I am already doing that with one LL...
Alena Beecher-Ritchie
Do you require rental insurance for Furnised Finders tenants?
Hello Fam, I own a STR mainly utilizing AIRBNB. However, I have an interest in Furnished Finders. However, FF does not offer any protection for the homeowner. How do you go about this? The prospective tenant would...
Joseph Strotman
REIs in CA utilizing Series LLC
I am relatively new to REI and new to posting on BiggerPockets. I currently own 3 SFR in TN and am focusing on asset protection before I invest in more. Currently the SFRs our under an umbrella policy but I would li...
Robert F.
Do I need an umbrella policy??
I am a first-time home buyer. The property is a duplex and it will be my primary residence once tenants clear out. The current landlord is giving lease termination notice before I close I plan to rent the upstairs apa...
Raeshelle C.
Can a MA LLC be an owner of a RI llc?
I'm going into a partnership with someone who lives in and invests in Rhode island. We want to buy a rental property together and the property is in RI. So if we create a RI llc to buy the property, can I put my MA LL...