Does anyone have any advice on how to use your primary residence as an investment property?
Is it smart to transfer the house into your LLC? What are the pros and cons?
Hi Everyone!! New here and so I figured I lay down my current situation and see what guidance you all can give me. I've been watching the "Rich Dad" videos and realized that being an employee to a business or compan...
I have properties in Ohio and California. Curious how have people setup properties? Do you have one overall Trust and LLCs under each property? Or do you use a series LLC?Could use some guidance here.
I am in the process of closing on a duplex here soon, also inheriting a tenant so I'm ready for that too, very excited/nervous, I am ready for the ups and downs of managing rentals.But I was wondering if anyone knew i...
Any advice, suggestions, or strategies on this scenario would be greatly appreciated: My husband and I are purchasing a single family home at auction (we have done our due diligence) as a first investment property. Of...
Hello all,I'm new to REI and I have a question pertaining to LLCs and trusts. Here's a quick intro to my current situation. Currently in the process of purchasing my first three family. I plan to house hack the proper...
If one lives in Los Angeles and is planning on buying property in state and out of state Ex: Ohio, North Carolina, Florida, (just to name a few). Do I start my LLC in California then use it to buy out of state in thos...
Hello Neighbors!I am currently looking at purchasing a property as a residence (Lake property) in Tennessee. It currently has a tenant as the owner resides in Florida. Can I purchase the property and give him notice (...
I am looking into becomeing incoporated, but for now i just want to get an umbrella policy to protect myself. My question is that my agent said i need to buy one for each state i own a property. Does anyone offer a ge...
Hoping someone may have some advice:We are a three person REI partnership, all partners live in California.We invest in mostly Indiana properties.We are trying to accomplish a couple of legal goals:1. Protect each ass...