I own a 250K rental property and got 500K liability coverage home insurance. I'm wondering if I need to form an LLC to protect my assets. If so, how easy is it to get a conventional mortgage for a property owned by an...
If you have a owner occupied homesteaded duplex in Texas , and you have rental income from one side , can a creditor do a forced sale on the homesteaded duplex ? Zoning and taxes are one thing. However this is an in...
The cold hard truth is that if you are a CA resident and invest in real estate and own or plan to own multiple investment properties, and you set up an LLC to hold that asset, ANY state that you own property in and an...
Looking for advice from you BP pros out there.I will be purchasing either a single family residence or multi family residence home in the Cleveland, Ohio area no later than January 2025 and intended on purchasing usin...
Investors, I am in a quandary. There is a lot of conflicting information and strategies on finance and entities and pass throughs and holding companies that I am getting more confused that educated. I reside in Califo...
Hi all, EU based investor here looking to do flips and buying rental properties.If we form an LLC with a mix of resident and non-resident members, will FIRPTA apply?
Other than an LLC, what's the best way to protect yourself and your assets when you have a rental property? I am a resident of Los Angeles, CA - and am in the process of buying my first rental property here. I'd like ...
I recently started a wholly owned LLC to perform fix and flips initially, with the idea of transitioning to buy and hold as the cash reserves allow. Is there any tax incentive, or disincentive, to transferring my ...
I am considering forming an LLC just to hold residential real estate for liability protection. I would quit claim a deed from my personal name to the LLC.-When I sell the property, would I be paying a tax on the prof...
I am looking to register a LLC in the state I live but I am looking mostly out of state for investing? Is this an issue? Or should I form a LLC in each state that I invest in?