Hi All,I currently own one condo in an apartment building, with the plan to add more properties soon. How do you all protect yourselves from potential lawsuits? Do you put your properties in a trust? LLC? Somethin...
I came across article about "Land Trust", maybe tbey go by different names in different states. But the interesting partto mg understanding is someone can transfer their property to the trust. The same person (me) can...
Hello,
I am just starting out. Working on my first rental property. Have to make some repairs. I am also interested in purchasing another property that is ready to go with minimal repairs needed to start getting some...
Hi everyone,I’d like to open this for discussion. Can someone list the benefits/cons of LLC’s and Umbrella Policies? I keep coming across conflicting information and am getting very confused. I am just starting out on...
I have been hearing a lot of people speaking about putting your holding LLC into an irrevocable trust. I am having a hard time finding information about this topic and wondering if it’s worth the deep search. Thoughts?
Hi. Has anyone established a company (llc or other) to manage your own properties? Does it help from a tax perspective? Pros/cons etc.?Thanks.
I have a long story here, but I'll try to keep it simple and to the point: We live in a nice, quiet rural area, but have a problem rental out front. The landlord bought it for (what seems to me way too much) in 2004, ...
I’m going to cut to the chase. Here’s the takeaway: YOU MUST MANAGE THE MANAGER! Why? Two reasons. First, the experience of doing it yourself is absolutely invaluable. What you’ll learn from doing, instead of hearing ...
Hello,I am currently pursuing my first rental property and I have a few questions. I have read many posts, books and listened to podcasts. Since this will be my first rental property purchase, is it best to have an LL...
Still learning and practicing on finding deals and what to look out for, I noticed that some properties are posted by LLC's and not a realtor or bank. Since there's much info. about doing deals with realtors and banks...