What are the pros and cons of putting a home i ent And I own under my name into an LLC? I know liability is the biggest reason.

Also what are the legal and tax implications and procedures?

Thanks!

Hey everyone!  First post here.  I just bought my first duplex in Manchester, NH and I have a question about LLC's.  I can't find a loan to let me buy this in an LLC.  So I'm moving forward with putting my name on the...

Hi - what are everyone's thoughts on getting an llc on rental properties? I have heard a lot of conflicting advice on getting one. I have heard some recommend it, other's say the liability insurance should cover it, a...

Just starting out in Illinois from what we have figured out so far I think setting up an LLC is best and pretty simple. Thoughts?

I would like to qualify for a new home loan.  I spoke to 3 different home loan officers and they have given me different information each time.  Here's my scenario.I bought my house in 2016 and started renting it out ...

In a non-community property state, can a husband/wife general partnership (not an LLC) own & insure rental properties in their own names but report them on a partnership tax return? I know if you set up an LLC you...

I have been reading rich dad poor dad and he seems to separate expenses and liabilities into two different columns. I guess they are two different things ? For some reason I see them as the same thing since they both ...

I am a first time 1031 exchanger and am a novice purchaser.  I own a 4plex in San Marcos, CA (San Diego County) that I was given by my mother in 2018.  She has since died and I no longer have any reason to keep going ...

I have a sibling who is looking to sell two single-family rental properties but is concerned about the tax implications. Currently, he rents and needs a down payment to purchase a primary residence. We're exploring cr...

I have invested in a few syndications as a individual, wondering if investing through an LLC is better, will appreciate guidance on pros and cons of either