I'm debating whether or not if it makes sense to get an LLC for my out of state investment properties? I know it would make sense from a legal stand point but with the $800/yearly cost taking away from the cash flow i...
Looking for people in the know (lot's of bad info on forums and blogs). The threat:-Lawsuits-Natural disasters, etc.The portfolio and what I'm doing now:-I have a few single family homes as rentals. -The rentals are l...
Hi BP! We are starting out and would like your advice. We have been reading that there are definite tax advantages to having your properties (as their associated income) contained within an LLC. As we haven’t establi...
I recently refinanced the mortgage on my primary residence and combined the loans I took out to purchase my investment properties. I have three single family, long term rentals with separate LLC's and business accoun...
I am about to move out of my Condo and will be renting it.
Should i form an LLC or some other sort of bussiness?
Why should I?
How do I?
Thank you!
I Talked to very many people, investors, lawyers and other fellow landlords.Some say a LLC is a must and other says its a complete waste of money and a umbrella policy for 1 or 2 million is the way to go including a f...
Hi BP members, I have not given much thought about liability protection until now, but I recently started reading books written by Garrett Sutton, and cannot help having questions. (1) Does Michigan afford charging or...
Can someone please help this newbie understand the advantage of using a land trust vs a LLC when wholesaling REOs :D thanks
Hello Everyone,I along with 2 other buddies of mine created a multi-member LLC to wholesale and refer real estate to agents. We are in the process of hiring people and want some advice on structuring our new 1099 clie...
I recently purchased a new primary residence and plan to turn my current home into my first rental property. I’m not expecting to purchase any more investment properties in the near future. With this said, is an LLC n...