Christine Stone
To LLC or Not to LLC
Hello BP Friends! I'm ready to look at starting an LLC for my properties, but I've heard mixed advice about their necessity and benefits. I would be starting the LLC as a disregarded entity and reporting my profit/los...
Nikki O.
Protecting Your Personal Assets in community property state
Dear fellow investors,My post comes in part 1 and part 2; the efficacy of the LLC protection, the other to address the setting up an irrevocable trust in a community property state.1. Questioning the level of protecti...
Ryan Fisher
Protecting Assets
Hey guys,Trying to figure out if my two partners and I should form an LLC for the deal we are currently in escrow for which is a 4-unit cash flowing property. I would be fine without an LLC but both of my partners ha...
Mark Taylor
Utah Properties in Family Trust or an LLC?
Hello BP community,
My parents would like to start buying rentals as a way to transfer wealth. My siblings and I would also like to invest so that we can build the portfolio faster. The long term strategy is to buy a...
Jeff D.
single member llc with another llc being the single member
I have rental property held in an LLC (#1). The sole member of that LLC is another LLC (#2) of which I'm the sole member. So since single member LLC's are disregarded, then LLC #1 is disregarded and it all pa...
Javier Molina
Mildly complex structuring for multiple properties. (LLC, Trusts, Multi-state)
So I am military, originally out of CA so it's my "home state"/residency but very easy for me to change as I am stationed out of CA and have been for a long time.I own several properties in CA and one in WA. I had a c...
Jesus Sosa
Form an LLC for your first BRRRR property?
Currently, under the process of a quiet title of a SFH here in the state of South Carolina. I know it will need a lot of work to get it rent-ready and later cash-out refinance it. My concern is, whether or not to form...
Donna Martinez
CA SB 644 - FULL refunds & AB-537 -Rates & Fees disclosure- July 1, 2024
Short term rentals will be required to refund full price beginning July 1, 2024 (for all bookings made prior to that date). Currently I have written in my contract the following:
A flat fee of $125 is charged for ev...
Marty Happle
Title Insurance
I bought a house cash to flip on April 17.
On the HUD I have this for title
1101 Titles Services and Lenders Title Insurance $750
1103 Owners Title Insurance ...
Austin Latty
New LLC Questions
Hello BP,I am a new investor and just recently went under contract for my first flip property. I set up an LLC, and it will be buying the property. I also just opened up a business bank account. I have about 35k in...