Hey BP! I am a new REI from Athens, AL with one rental property in NC, and my primary residence which I plan on eventually turning into a rental property as well. I have a few questions I would like to hopefully get c...
Just bought my first rental property (duplex, all cash) and plan to BRRRR the property. I want to isolate this property from my other personal assets and have been looking into using a Series LLC, as this is the firs...
I'm curious to know exactly how to form series LLC. Some of the research I have done supports the concept of filing articles of formation with the State and creating an operating agreement for the master LLC and seri...
Hi everyone,We are looking for some legal advise.My partner and I have a duplex currently fully rented and is collecting income. The title is under my partner's name and he also assume the entire loan. I pretty much...
I listened to the podcast on asset protection, and honestly dismissed it for a couple of weeks. However, the more I am learning about RE, the more I realized that I need to have an asset protection, estate planning an...
Hello guys,So, following my Series LLC journey... I have some money saved and would like to put that for downpayment and reviewing previous post I assume that getting a loan (mortgage) for a Series LLC will be even mo...
I am starting out as an investor and have done some reading on Series LLC. I searched in the forums and did not find an answer.
I have seen a setup as follows:
1. abc LLC (Parent LLC)
2. 1 Series LLC "cell" to manag...
Hi folks. New to the site and new to real estate investing (although I just finished with The Book on Rental Property Investing).My uncle (age 57) and I (age 48) want to start investing in residential single-family r...
While researching the best options for incorporating I have found that a Series LLC in Texas is an easy and viable option. If I am not mistaken, in order to maintain asset protection the financials for each "child ser...
Hello, My wife and I recently opened a Series LLC as we plan on having more properties. I asked the banker if we will need to have a separate checking account for each of our properties but she didnt know. Any insi...