Hey what are you doing outside of an LLC for asset protection in regards to rental property? I have heard of these "bullet proof" irrevocable trust but I haven't met anyone personally that has had one set up for them....
I had a seller that contacted me from my direct mail postcard wanting to sell her house because she didn't know what to do with it now that she is in a nursing home. Her only concern is not being able to get Medicaid ...
Hi All! I'm hoping someone has some experience with this issue and can share a solution. Our family has in irrevocable trust that has two properties among other assets. We will soon be selling one of the properties...
Does anyone have any recommendations for which type of company to set up for flipping houses and having rental properties in Texas? Maybe what are the advantages and disadvantages of both? I am looking for the best wa...
Dear fellow investors,My post comes in part 1 and part 2; the efficacy of the LLC protection, the other to address the setting up an irrevocable trust in a community property state.1. Questioning the level of protecti...
So, a client of mine bought a property with a conventional mortgage and Deeded the property into an irrevocable trust Now, after a number of years the lender caught on and is calling the loan. They did offer to allow ...
Here’s the background:My parents inherited a property on Cape Cod when my Grandfather died. It is a great property for short term rental. The property is paid off and worth ~600k. The property is in a Life Estate Trus...
An irrevocable trust is about to 1031 a completely paid off multiunit into a triple net property out of state. If the sold property is $2 mil and a NNN property is identified at $2.5 mil, can the trust/trustee take ou...
My lender doesn't allow switching my rental properties from my name into an LLC. I have been reading that an irrevocable trust can provide some level of protection from creditors. Do you recommend putting your rentals...
Hey all,I know about the due on sale clause if you try to transfer ownership of a property to a LLC. Can I do the following to go around it?For my situation I am planning on going 50/50 capital with 1 partner to buy a...