What's the use of a holding company for rental properties? Is it suppouse to reduce taxes? Reduce liability? Reduce management headache of "needing" multiple bank accounts?

I hear a lot on the internet that no matter how you set up your business structure for asset protection you want to have your main holding company that owns all of your other LLCs out of Wyoming, Delaware, or Nevada f...

Hi guys,Could you please help me out?Everybody keeps saying how if a husband and a wife own an LLC it  is still  considered as one member LLC. Also, its easy to pierce the corporate veil of one member LLC, and courts ...

Hello everyone!So I purchased my first property in April this year. It was a lot that has two houses on it. I rent one house out and have a roommate live with me in the other! It works very well for me and has allowed...

Any Advice on how to start an investment property? My wife and I are looking to purchase a property as an investment should we start off with or without an LLC?  

#18 was a long time in the making.  It was short sale with Wells Fargo with two mortgages on it.  Started working on it last December and it finally closed on Friday 8/28.It's a 3/1/1 with large detached garage/worksh...

Does anyone have info on setting up an LLC out of Wyoming or Delaware to maintain anonymity? I live in Illinois and would like any advice on this topic and recommendations of attorneys you may have used to successfull...

Hi Everyone!
I'm looking to setup a parent/foreign Wyoming LLC. My plan is to setup a parent Wyoming LLC that will hold another LLC that will be holding my properties. I'm not exactly sure where to start or whom to c...

Hi all, I'm a first time investor and I'm looking to set up some legal entity to protect myself before investing in properties. I've spoken to a couple lawyers and have been told the following two options are my best ...