Parent child LLC setup is good setup for asset protection or not ?( Parent LLC will be managing the properties while the child LLC hold the properties ownership)
Hello all,
I own a real estate company that buys @ foreclosure auctions at the courthouse. We have had success with friends and family requesting that we represent them @ the courthouse to bid/buy properties for them...
Hello. I'm a new investor contemplating structure and strategy. Based on what I've studied so far, I believe I've learnt the following (somebody correct me if I'm wrong on any points):1. Assets procured in a Roth r...
I have a self storage property titled in my name. My other general services LLC manages it. It is automated through a website and deposits into my general services LLC (S-corp) which makes a small lease payment to m...
So I am a greenback when it comes to investing in real estate. My plan is to take out an equity loan against my personal residence for a low rate @ 30 year fixed rate. I was thinking of taking $40k and purchasing a du...
I live in California, and have recently closed my first few real estate deals in Wisconson. I want to create entities to protect my personal assets from consequences of the real estate business.
As I understand it, ...
Poll: How are many of you organizing your portfolios? (we currently have several single door properties in VA, 2 in PA and looking to start getting into larger 5-20 door apartment buildings in another state) Do you us...
So I’ve been looking into how LLCs get taxed. I also learned how corporations get taxed recently. I was wondering if any of you rolled your LLC into a Corp to reduce the taxes you pay? I’m curious how this would fit i...
I'm in an LLC with 1 other partner. We own several SFR and 2 apartments. My partner wants to retire. I want to buy out his shares of the apartments while maintaining the relationship in the SFR. Can this be accompl...
Backstory: Have a SFR in my wife’s name which we recently refinanced and currently being rented. Trying to start a LLC but lawyer highly recommended I get consent from the mortgage lender about transferring deed to...