Chris Ragazzo
LLC formation
Looking to form an LLC with a partner to begin our real estate investing business. Any comments on how much this costs to start/maintain, and where to go to get set up? There are obviously online sites that claim to...
Matthew Hicks
Efficient and Protective set up
Hello everyone,
I'm going through the process of splitting out my rental business from my fix and flip/redevelop business and I want to set up these legal entities correctly and ensure proper insurance for th...
Deborah Burian
Structure Multiple LLCs
When we formed our first company, about 10 years ago, we chose an LLC format and that has worked out fine. We carry umbrella liability on the LLC and each property is added to the policy as they are purchased.
Base...
Luke Perrin
Does filing one tax return for multiple LLCs negate asset protection?
My wife and I own 2 rental properties in Colorado that we are working on getting into LLCs for asset protection purposes. I also have a single member LLC for work. We have a Wyoming LLC owned 50/50 between the two of ...
Ade Akingbade
Not Going Well - Seeking Advice for Rental Property Challenges
Last month, I purchased my first rental property in Baltimore for $117k and invested an additional $13k in renovations. Since then, I've encountered several significant issues:
1. **Air Conditioning:** The AC unit ...
Yameen Salahuddin
Down Payment
This might be a dumb question - but here goes: In my search for my first investment property, every realtor I speak to has the same question - how much am I going to put down? My question is this - assuming you clos...
La T.
LLC vs personal umbrella coverage for investment properties
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...
Ken Weiner
Been sued? Please share.
There are so many discussions on here about the most appropriate asset protection strategies for various situations. Umbrella policies, LLCs, holding LLCs, land trusts, etc. People debate whether someone else can si...
Melissa Robbins
Wood rot on recently purchased SFH invesment - KCMO
Investors - I'm torn on making a decision here and am curious how some of you would handle this situation.
For starters, here is my background. I am a new investor in KCMO, but live in Denver. I bought three SFHs a...
Kyle Steele
Cleveland/Detroit house flipping?
My husband and I have some money we are looking to invest. We have been considering buying and flipping a house in Cleveland or Detroit area. We really have no experience in this and aren't sure where to start. We are...