I understand the basic protections afforded by the LLC, using a separate LLC for each property in theory provides the best legal protection against other assets. However, having separate LLC for each property seems li...
Hi,
I've been looking into this. A number of duplexes in Florida. I could do LLC for each one (annual fees are minimal in Florida) or I could group properties. It would be multiple person LLCs -- so they cannot be ...
My questions are:1) I intend to be a life-long real estate investor within the State of Texas. I will be inheriting one property in the next month that I will turn around and sell immediately and then potentially purc...
My attorney is recommending that I use a Wyoming Statutory Trust for my rental properties. Wondering if anyone has any experience with these?
Hello BP ForumI (presently) live in Westchester, NY and I have a SFH that lease out in Charlotte, NC. I bought it when I lived there. I would like to expand my holding over the next few years; I am considering purch...
I just purchased my first duplex in Bryan, TX. To get a more favorable loan I purchased the property in my personal name. The loan is 30yr conventional. I would like to transfer the title to my LLC for liability prote...
We live in TX, investing in IN, where should I set up an LLC right now for our first property (possibly Series LLC in the future)?
Hi Everyone! I would appreciate if any accountants, lawyers, etc. can shed some light on the implications that arise from being a CA resident who invests out-of-state through a business entity such as an LLC.
I want ...
Hello all! We are a couple with a permanent address in Texas. We just put a deposit down on an investment condo in Florida. We are super excited about this as it is the very first real estate buy for either of us! ...
Newbie question. Forgive me if already posted. I'm looking to start investing but am a bit confused about asset protection via LLC yet using my own funds and credit to purchase a property. My plan is to follow the BRR...