Could use some Tax Attorney or CPA advice! Here's what I have.. My husband and I live in a small Western New York College Town. We currently own over 20 properties primarily Student Rentals; 1- (6 unit 1bd), 1-(3 bldg...
Hi I have several properties in Arizona and one in utah, my LLC structure is kind of a mess. My personal home in Arizona and the rental in Utah is in my wives name. Other properties here in Arizona are either in one...
I'm at the point where, for my protection, I need to establish LLCs and make sure they're in my living trust. In order to figure out the costs of doing this in IL (where all my current and future properties are/will b...
Hello all,I searched quite a bit and couldn't find this topic covered. I've got a series LLC with a single checking account and have three properties in it. My question is about how to efficiently manage withdrawing a...
I am writing an article focused on how the series LLC structure can be used by real estate investors for holding real estate assets. I would like to find out what questions real estate investors have about using the s...
Hey BP Members,I wanted to see if anyone would share their experiences with moving properties in indv. name into existing LLC (used for old side work but still active, no debt etc) and what insurance companies need to...
Hello, have a basic question. My rental property is under LLC and is under contract. Can the sales proceed be deposited into my personal account vs LLC checking account? The rational is use the proceed to purchase ano...
Good strategy??? - Each rental property will have its own Land Trust and each Land Trust will be owned by one overarching LLC. Will this still provide protection over having each rental property in its own LLC??
Is it best to set up a Series LLC and then add each house as a separate entity under that? Or just set up separate LLCs.? We are beginning to add lots of houses to our portfolio and want to have the right amount of pr...
How did you pick your LLC name? My wife and I have a quite unique last name - is it safe to disclose your last name in an LLC? Any advice would help.