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Called PNC Bank and inquired about their approval to transfer the title of the property to LLC for liability and asset protection purposes and advised that I shall remain liable for the loan. After extensive explanati...
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Hi all! Brand new into the real-estate investing world and could use some good advice. I currently own a 2 bd/2bath condo that I’m looking to rent out. Or should I say, I currently own a FHA MORTGAGE on a 2 bd/2bath c...
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I was curious to hear of the benefits of using (s)LLC instead of an LLC. I am buying my 3rd two-unit and considering the strategy to mitigate exposure. Currently operating in a standard LLC with my partner but wonderi...
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We are new investors and asset protection is important to us so we are looking to form LLCs for our rentals. We met with a lawyer recommending a series LLC which sounds great but they had a hefty price tag associated ...
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Hi all.I'd like to get your thoughts on forming an LLC, from folks who have done this before. After review, I've determined that I want to set up an entity to hold my investment properties to add a layer of protection...
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I have family who needs to sell their home but the home has tenants who are not paying rent and are protected by the Eviction Protections. The family can no-longer cover the mortgage and they are asking me to step in...
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What are the pros and cons of landlording as an LLC?
Hello,I am buying 2 investment properties. Am trying to decide between creating an LLC and getting Business liability coverage for the properties or just covering them using my personal umbrella insurance.Any suggesti...
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Hey BP Community!My wife and I are getting into the real estate investment world and would love some support and advice from the BP community. We are planning to acquire around 20 units in the next 5 years through sin...
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As a new investor who may not want to start with creating an LLC right away, what are other methods that one can do to protect themselves if a lawsuit were to occur?