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Trying to weigh the costs and benefits of LLC vs an umbrella policy for a long term rental? I have read an LLC can hurt your loan terms is the same true for umbrella policy. Wondering which one is safest and most cost...
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Hello! So, friend bought a property cash under their name and now refinancing (cash-out refinance) the property into an LLC that is jointly owned by both of us. The lender insists on paying the proceeds or the cash-ou...
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I want to protect my assets. What is best an SLLC or a revocable living trust. What is better as far as protection against lawsuits
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Hello all,I just bought my first rental property and now am in the process of looking into protecting myself and my asset by setting up an LLC. I live in Washington state and the rental is also in Washington state. ...
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If I purchase a multi-family in my own name, with a mortgage, how can I transfer that property to an LLC? If I transfer the property to an LLC, will my mortgage be called due? How can I avoid that from happening?
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I'm currently living in a duplex, and getting ready to rent out my second unit soon. I will continue to live there with the tenant in the second unit, so this is a house hack. This is my first and only property, and...
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I have an IRA account with uDirect IRA. Later I realized it doesn't allow account holders to sell what they don't own. So I can't do wholesaling with my IRA account. I decided to create my IRA owned single member LLC,...
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after repairing my credit as well as families. I want a 3-4 unit property and im willing to live on site for a 6mo - 1 yr no prob. i was hoping for a 1% or 0% miracle yet i have heard these are for SFH using CAL HFA i...
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Hello,My wife and I are looking to begin investing in rental property and want to use an LLC to limit our legal liability incase things go sideways on us. Is using a local attorney worth the extra cost or would setti...
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I own my primary residence. I am now looking to buy my first buy and hold rental property. I am wondering if I should start and LLC or just my it in my name. Does getting financing change if you buy it in an LLC? Or d...