I have 2 properties with partners and I'm getting some conflicting guidance from real estate attorneys on how to handle them.
The first property is more straight forward. Its a completely 50/50 partnership between ...
Hi everyone, I'm looking for any legal references that can help me answer the following questions and provide guidance as to whether this approach is sound or needs adjustments: -What is the entity structure for manag...
This is my first investment house. I am closing a new house in 2 weeks. When I want to rent out this house, I am thinking of leasing it to an LLC which will have both me and my wife as members and that LLC will be lea...
With the help of an attorney and some responses here, I have come up with the game plan to have a business structure as follows:Trust (Top ownership that owns the management company)Management Company LLC (first actua...
I'm a newbie to BP...love the depth of knowledge I'm seeing on here.If you keep your quest for private mortgage lenders with people you know...are there any disclaimers or disclosures that "need" to be made to these p...
I have only one rental at this point, but was advised it might be ideal to setup one LLC for the actual real estate company in addition to an LLC for each property. I believe the reason was to protect ourselves in cas...
Hi, I am a newbie seeking legal advice regarding my first investment property. I hope someone can help who knows the ropes. Here is my situation:
I purchased my first investment property with 25% down and the rest of ...
Dear Lenders, I am looking to run my real estate business under an LLC, am I able to finance my 1st deal through my name, and supply the title, etc. through my LLC? This way I can utilize lower rates (aiming for the B...
Having a hard time making the decision on putting a new STR into an LLC or just getting an Umbrella policy. In NC it costs about $450 a year in fees for the LLC (Annual Report and Franchise Fee). I currently pay a C...