Justin D Schwartz
An umbrella for a rainy day or an LLC for protection
As I continue to grow my personal portfolio I am now considering starting an LLC to put my properties under but there are many variables so I am asking for help.Closing in an LLC makes your rates higher than closing i...
Keegan Darby
Should I start an LLC?
We are closing on our first investment property on Friday. Thoughts on paying for an LLC to separate our personal liability?
Thank you for your help!
John Moon
Triplex with 1 tenant
I have a triplex that I am pursuing. One unit is occupied and the other 2 units need rehab (1 major, 1 minor). I'm trying to figure out what would be the best way to insure this.I've gotten a quote, but they're chargi...
John Underwood
Why an LLC may not protect you from a Lawsuit
I stumbled across this lawsuit while looking for something else.As I have mentioned before in this forum an LLC that is not 100% property ran can easily be pierced and the owner sued personally.Here is an example of w...
Scott K.
LLC Misconceptions and Education
So bear with me - I'm no expert and am simply trying to help instruct others but also educate myself if I'm incorrect on what I know. I've been reading up today on a bunch of forums including this one and see WILDLY v...
Dan Marl
When do you put the deed in a LLC?
Hello everyone.I recently bought a house with cash and now I am doing a refinance cash-out and putting the loan under my personal name (delayed finance). My plan is to put the house under an LLC.At what steps do you...
Charlesa F.
Putting property in an LLC
At what point do you put your home in an LLC?
I found a multifamily and put an offer on it. I want to put it in an LLC but my realtor says that I cant until after closing, He said because the LLC isn't formed yet. So...
Dylan Brown
House Hacking with a Business?
I'm looking at purchasing a two-unit property with a basement through my LLC. I'm wondering if it's possible to purchase the property through my LLC and "house hack" it by using it as my primary residence or my busine...
Steve Sauro
Insurance claim and hiring LLC to manage & invoice contractors?
Hello community,Let me frame this up. My wife and I own a rental in our name. We also have a LLC that has a property management agreement with 'us' to manage the property.Sunday we had a pipe burst which caused sign...
Cheryl Burd
LLC vs Living Trust
Hello BP Community, can anyone provide insight on the practicality of using a living trust to hold rental properties vs an LLC for asset protection? Thanks, Cheryl Burd