Fernando Martínez
SFR Rental Income and LLC
Greetings,
What would be the best way to go about my scenario! I have a personal property single family residence, that is a homestead. I am in the process of renting out. This property is not under my series LLC. I ...
Kev Cooper
Best Way to Protect Assets while minimizing taxes and probate
Hello,New to the forums, just started reading articles and listening to the podcasts. Just listened to the one about planning for death a couple weeks ago and then yesterday my father calls me to get my opinion on a q...
Nick Clossman
ADU Liability Protection
I live on 5 acres and am considering building a DADU to use as a short or medium term rental. My question is, what is the best way to protect myself from liability? Since the DADU is on the same property as my primary...
Toni Conway
Trust attorney in TX needed
I live in California and have property in Austin. I would love advice on whether I should add my properties to my trust; I've heard there are some states that don't recommend that. I would also highly appreciate Tru...
Donald M.
Do HELOCs actually provide asset protection?
I've heard that HELOCs provide asset protection. Let's say I own and live in my own residence and take a HELOC (but not withdraw the money). I don't see how this protects me. Can a lawyer not find out that it is a HEL...
Mathew Fuller
Umbrella policy and LLC for house hack
Hello BP,I am wondering if I am correctly protecting myself with the current house hack that I am doing. I recently bought a property and currently renting out one of the two rooms (with the second one to be soon rent...
David Duong
landlord liability and renter's insurance
Hi everyone,
Posted this on the landlord forum because I didn't realize that there was an insurance forum.
I'm a little confused. To protect myself from liability, my insurance agent suggested two things: either re...
Kyle Fitzpatrick
House Hacking using FHA loans
I want to house hack a quadplex preferably using an FHA 3% down residential loan . However, this would leave me personally liable for lawsuits without using an LLC (which I have). What is the best strategy in this sit...
Kenneth Kussman
What are the benefits of homesteads on real estate?
What are the benefits of homesteads on real estate?Is homesteading suitable for investment property & my personal residence?Thanks
Kevin Glover
Tax Benefits for Primary Residence Owned in an LLC
I am looking to purchase two properties in the Phoenix area. Both are in the same subdivision and one would be a rental while the other would become my primary residence. For liability purposes, I would like to hold b...