Greetings,
I wondered what the forums have as answers or suggestions to the following; I'm struggling to understand how we would go about buying a property under our own names and then quitclaiming into an Umbrella ...
One general question... Why is preferred or suggested to form the LLC that owns the RE rental property in the same state where the RE is located?
I listened to the podcast on asset protection, and honestly dismissed it for a couple of weeks. However, the more I am learning about RE, the more I realized that I need to have an asset protection, estate planning an...
hello. I spoke to a lawyer who says I need to move my passive investment homes to a Java fa llc and each home should go into a land trust. I have my homes in an llc in that state then my llc in my home state owns that...
Hey Everyone,I am at the beginning of my REI journey. I currently have a Series LLC, I have it structured with the parent LLC not holding any properties only cash for acquisitions and each series has one property in i...
Apparently the formation of Series LLC's are only "allowed" in a few states. I live (and will invest in) Maryland, which does not allow the formation of Series LLCs. Is using a Series LLC as simple as forming it in a...
I am a new BP pro member. I am invested in a rental property in partnership through few others and we have formed an LLC (say LLC-Property1) . I am also planning to invest in other investment properties, possibly wit...
Good evening BP!
Does one need a LLC or any other business entity in order to claim rental property related deductions on taxes? I recently acquired an occupied rental property in NC under my own name and am curious ...
I'm new here and just purchased my first investment property in Ohio. I have a Series LLC registered with the state. I now want to transfer the property into my Series LLC but I don't know if I need a separate EIN f...
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...