Potential applicant wants to use the SSI of his/her offsprings to count towards the 3x rent/income requirement.Thoughts?
I recently began my journey to Fast FIRE through multifamily rental properties. My husband and I are both MDs, so asset protection is always a key motivation for us. I set up an LLC prior to purchasing my first prope...
Hi,
Imagine the following setup:
->TexasSeriesLLC that holds no assets and serves as the "parent" LLC, single member (me), member-managed, has its own EIN and bank account.
---->Cell1 - a protected series of ...
I have formed a Series LLC for my rental properties. What are your thoughts on utilizing Protected Series 1 as the management protected series, responsible for managing the operations of the business? Protected Series...
Hello, I just wanted to check on the possibility of this. My parents have an investment home in Washington state that they want to sell. They want to use 1031 to buy a property in California where we currently reside....
I'm buying a couple properties in Missouri (1st rentals). Should I form LLC in Missouri or use a different state like Wyoming? I believe Missouri has parent/child LLCs, anyone have experience with those? Wondering ...
So as someone who recently had a child, I'm looking for ways to put some money into an account set-up for my newborn that will hopefully grow over the years. Traditional CD's over below inflation rate interest rates,...
Recently my title officer told me to look out for child support liens as they no longer get cleared after foreclosure. Apparently it doesn't matter if the lien is filed after the recording to the 1st TD (like propert...
Need some perspective on insurance coverage as I'm unsure of the advice I'm getting from my insurance agent and lawyer.We currently have 4 properties in their own respective LLC rolling up to a parent LLC. This is in...
Hello all. Can someone explain the details of selling a house to a child?
Is there a limit on pricing?
Does it have to be sold at fair market value?
Are there limits to the “look back” for primary home exemption?
...