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Hi,I came across land trust recently and as I understand it adds a layer of privacy and asset protection when you setup an LLC as beneficiary. But is there any value if you already own say a multi-family for several y...
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Hello Bigger Pockets Community!
I have my second investment property under contract (a win in itself given this crazy market!). I have a business partner that is also joining me on this adventure. We are now look...
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I have 5 rental properties in my name. A FB friend mentioned that she has an umbrella policy on properties. Her explanation was vague, so I'm here to ask...What is an umbrella policy, does it replace the current insur...
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I'm just getting started investing and have been advertising my self under a business name but do not have it registered/ trademarked/ etc. If I am only wholesaling at this point do I need to have my business name...
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Hello all,After doing a lot of research on LLC's for investment properties, I luckily came across this forum. In 2013, I created three LLC's for my three investment properties and did nothing with them. I did not know...
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I don't know if anyone can help but i have a question, hopefully someone can answer. First off, i live in Florida and my rental property is in OH. My trust was created and follow the rules of FL, if that makes any dif...
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Investors, I am in a quandary. There is a lot of conflicting information and strategies on finance and entities and pass throughs and holding companies that I am getting more confused that educated. I reside in Califo...
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So I was thinking about setting up a LLC for the next rental property I buy, to add some separation between my rental and my personal assets. However, I was speaking with an attorney and he said that a simple single m...
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My new tenant told me that Progressive stated that they cannot add my LLC as an additional insured; however, they can add me as an additional interest.Is this the same thing?
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At what point is an LLC necessary? I read that the LLC requires a lot more attention to detail in order for it to protect any property. If I own two properties, would it be helpful to have an LLC or is it better to ...