Carlos C.
Land Trusts and LLCs
Hi everyone. I've read almost every possible thread here about Land Trusts and LLCs, but, yesterday I received a message from a Lawyer that I'm considering to hire to setup my Landtrusts and LLCs, but he replied sayin...
John Underwood
Why an LLC may not protect you from a Lawsuit
I stumbled across this lawsuit while looking for something else.As I have mentioned before in this forum an LLC that is not 100% property ran can easily be pierced and the owner sued personally.Here is an example of w...
Will F.
Investing in So. Florida. What Entity to use? LLC, Land Trust?
Hi so I'm from California and investing in So. Florida. I was by default going to set up a Florida based LLC with my partner.This is a buy and hold, rental income property.How would you go about setting up an entity ...
Ethan Spielvogel
Where to form an LLC
I live in California. I am buying property in Ohio. I was thinking I should start an Ohio based LLC for this property. Any thoughts or ideas would be appreciated.
Rahul Bhatt
LLC which state is the best
I am planning to put my real estate properties in LLC. Which state is good I am in California and Properties I am buying are in Ohio . i know in any case I have to pay $800 is california per year to maintain this ent...
Account Closed
LLC vs. Umbrella Policy
Hello, I currently have 5 rental properties that are each mortgaged and in my own name that I'm considering an LLC or umbrella insurance policy for asset protection.
My lender is trying to determine if that would vio...
Benjamin Storrs
New to Investing in CT
Hello all,I am brand new to the idea of rehabbing and flipping homes. One question I have is how important is it to have an LLC?
Scott Perkins
Tax strategy advice needed
Have four rentals and one flip under our belt, but I'm afraid we're doing the wrong way as a sole proprietor. Would love to hear thoughts from the group. C-corp, S-corp, LLC on every property, etc........ Would love t...
Davit Gharibyan
Management LLC is unnecessary for self-managed properties...
Currently I have a holding llc and a management llc. I own both. I was doing my taxes and my and my accountant suggested not to use a separate llc for my pm company. He explained that it is unnecessary and generates e...
Brandon L.
Due on Sale Clause
Hi,I am gearing up to transfer my rental properties into a single member LLC. These properties have mortgages in my name. I am aware that the lender could call the mortgage due but it seems to be extremely low risk....