Darwin Jimenez
Acquiring properties through an LLC
If I am going to invest in real estate through an LLC, will I be able to buy and hold or rehab properties in any state?....So for example if I file for the LLC in Maryland, can I also go into DC or Virginia to invest?
Brian Phor
Setting Up a Parent/Foreign Wyoming LLC
Hi Everyone!
I'm looking to setup a parent/foreign Wyoming LLC. My plan is to setup a parent Wyoming LLC that will hold another LLC that will be holding my properties. I'm not exactly sure where to start or whom to c...
Fabiola F.
Land trust vs umbrella policy
I own a vacation rental property that I had to quit claim out of my LLC into my name when I did a cash out refinance. So for asset protection & anonymity, I'm considering transferring the property into a land trus...
Andrew Merritt
Quitclaim to LLC, Due on Sale Clause Triggered
Hello, I have four properties and 10 units. All were purchased in my name. My accountant advised me to set up an LLC for them, so I did. I contacted my lenders to see if it would cause the due on sale clause to be ...
Steven J.
Community land trusts; good idea or bad idea?
I was doing some research on land trusts and came across the definition of a community land trust. From the Grand Forks Community Land Trust website we see that a CLT is defined as "community-based 501c3 nonprofits wh...
Levin Angeles
Should I form my LLC in my state or where the property is located
I live in NYC and I wanted to refinance my duplex in Toledo into an LLC. I've always heard you should have the LLC be located in the same state as the property but my lender recommended to form the LLC in the state w...
Shubham Aggarwal
Question on deposits from cash buyer
When assigning a contract to a cash buyer, I assume the cash buyer will put up a deposit. I have a few questions about this process. Let me illustrate an example:
I (the wholesaler) go under contract for a property a...
James Kirby
Is it okay to be open and honest about Felons
To me, this is not a discrimination issue it is a protecting my neighbors and other tenants thing. Can you be straight up honest with your tenants and others in saying if you or others have Felony convictions that inc...
Dorian Dixon
Do I need a contract to house hack?
I’ve been fighting the urge to do this. I live in a three bedroom townhouse alone. I have two sizable rooms that I’m now strongly considering to rent out. Only problem is, I don’t wanna share my space, but I could use...
Torin Perret
Should I form an LLC?
Hi, I'm a home owner and am looking into potentially buying rental properties down the road. Is it advised to do this through an LLC or other legal entity to protect myself from liability?