I am looking to protect my assets (undeveloped land, primary residence, investment accounts) as I build my rental properties up. I can’t put the rental in an LLC as it’s already under loan backed by Fannie May.
I tho...
I sold a rental property held within a single member LLC. I would like to dissolve the LLC. However, I read an article that says I should keep the LLC in case of a future lawsuit by a former tenant. If the LLC is d...
How are you guys holding your notes? LLC, a Trust? Curious to know....thanks
Zillow consistently underperforms on its commitment to Real Estate Professionals. BEWARE of the Zillow scam which requires Agents to sign a term contract locking in their income and based on my experience provides the...
I have several residential rental properties with no mortgages on them. In addition to putting each one in an LLC As a protection against lawsuits, could one of the benefits of pulling cash out of the properties to r...
Hey all,I'm looking to make an offer on my first rental this week and was wanting to get different inputs on LLC vs Umbrella policies.I will be using a conventional loan and I was told by my loan officer that I can no...
For those of you that are familiar with the current lawsuit in the Daytona Beach area. How do you see it ending for the short-term rentals? Are they going to be further regulated or do you feel the city will back off ...
Hi BPers! I'm set to close on a 9-unit building in Chicago in the beginning of next week. Everything is as smooth as can be for an off-market estate sale (judge involved), however there is definitely a point of concer...
I've been in this business for years and years, hundreds of units and untold thousands of tenants later, someone finally filed a lawsuit against us for their deposit not being returned.The story is the tenant was inhe...
I am very much an aspiring investor in Grand Rapids and West Michigan and am checking off my list of needs (CPA, PM, capital, lending etc) but one area that keeps tripping me up is asset protection (i.e. umbrella poli...