Rachel Cox
2nd home owned by LLC
WE have a client that is putting their 2nd home in an LLC, they do not reside in the state of the 2nd home, so this is for liability protection of their investment. Eventually they will retire to this home, my questio...
Eric X.
Cash out of Primary or cash out of investments?
Hi BP members! I just want to get feedback on which is the best route to take. I typically pay for properties cash and I usually leave the cash in the houses I get unless I need the cash for another project (Think of...
Ryan Bird
Personal umbrella for LLC
Question for BP members regarding the right umbrella insurance for LLC owner rental properties. I have a primary residence in my name and a rental property under LLC’s name. I have a personal umbrella with my name as ...
Derek Bleam
Questions about starting an LLC
Hi everyone, I live in Pa, and I was wondering about starting up an LLC. So I’ve read I have to start an LLC in Pa because it’s where I reside, but I could create an LLC in a state, let’s use Wyoming for instance, tha...
Joe Schriever
Converting Primary Residence to Rental
We recently listed our primary residence for sale. We have no other real estate holdings YET. We recently started executing a plan to start our REI business, and the first step was to get rid of our primary residence ...
Arn S.
LLC outside protection
My wife and raise and sell cattle and started an LLC partnership in GA a couple of years ago with Operating agreement and annual meeting minutes, and all that is required. We also had an attorney draw up a Quit Claim ...
Kenny Kuramoto
Creating LLC for out of state investing
I'm needing to create a LLC for my lender. I'm investing in GA but live in CA. Do I have to make the LLC in GA where the property resides? Whats the best way to create one in a timely manner? I've heard of legalzoom a...
Brian Bradley
Asset Protection Trusts (Domestic vs Foreign) why it matters
What is an asset protection trust? Who needs them? Where do you set them up? Lets jump into this.
Lets start with the need for asset protection and why asset protection works. Asset Protection works by removing the ...
Shane B.
Multi Family Owned by my LLC
Hello Bigger Pockets Community! My wife and I are preparing to make our first real estate investment and are trying to figure out whether or not we should own with an LLC. There's lots of info readily available on t...
Chris Marshall
Should my LLC own my personal home?
My wife and I owe nothing on our home and her hair salon next to our house, would it be smart to have those properties underneath our LLC or should I leave it under our own names? We are refinancing those properties t...