I am looking on how I can protect the asset and myself personally from a lawsuit by the use of an LLC. If I change the title over to an LLC but the loan is still in my name, I have read that I can be still held perso...
Hello BP Community,
I am in the process of filing my LLC. I currently have a property that is financed personally. I do not want to transfer ownership to avoid the bank possibly initiating the due on sale clause. Ho...
Finally getting my things together and getting my ssn but since it’s too soon for personal credit history to buy a house in PA, I’m looking to make an s-Corp for what I do and use the business history to get a house i...
Thoughts on the below? My goal is to protect against getting sued and to prevent someone from wanting to sue me because I look rich by having a lot of properties...
Hi guys/gals,
Does anyone in the Greater Cincinnati area know of any bank that offers HELOC or some type of line of credit on non-owner occupied investment properties? I used Huntington for (1), but they only let yo...
Hello all, I have a house overlooking a lake in South Dakota. This is my primary residence & the mortgage is held personally on a 30 year note. I file for "owner occupied" status and have the mortgage interest ful...
Does anyone know the process for transferring properties held personally into an LLC and making the LLC the owner of the properties? Is this possible and better yet is it a smart decision if the properties are goin...
Is Exec./Admin. of Estate Personally Reponsible for debts when they don't handle their fiduciary responsibility and pay off creditors? What happens when an Exec. probates an estate but fails to take care of the debts ...
Hello everyone. I am quite new in the area of RE investing, while my area of residence is Greece, Athens. I am working as a financial advisor for a multinational consulting firm the last 6 years, and I have decided to...
What if you wanted to take the capital gains from a investment property (title held personally) and put it into a syndication as a passive investor? Could you contribute the cap gains to the LLC and have that LLC be t...