Vincent C.
Sole Proprietorship vs LLC while owning out-of-state rentals
I'm a California resident but own a rental property in PA, and looking to get another one in PA or out-of-state. Are there any major differences in doing a sole proprietorship vs an LLC; are there major advantages usi...
Tyler Durbin
With Multiple LLCs - master bank account or individual accounts?
I have 3 rental properties all in individual LLCs. My intention is to continue to add to the number of total properties over time. Which LLC/bank account structure is best practice?A) All LLCs have their own bank acco...
Brent Mattison
asset protection and tax implications
I'm looking into setting up a series LLC with a trust as the manager of it. I was wondering what kind of tax implications this would have if any. Thanks.
Cheryl Crockett
Listening to Audio from the 2012 Bigger Pockets Conference
During the weekly webinar, @Brandon Turner affords new pro members the opportunity to download audio from the 2012 Bigger Pockets Conference. After a year and a half as a pro member, I just started listening to this s...
Shuba Lodd
Series LLC for rental properties
I established a series LLC for my 4 rental properties with the plan to add additional properties to the series. Now I read somewhere that if my mortgage is still in my name, and not transferred to the LLC name, then i...
Clarence Gong
LLC with Land trust? Which state to
Hi BP family,I’m a overseas rental property investor started not long ago. Trying to get educated as much as possible and the more I get into it, the more complicated seems.1, As for foreign investor, which state is t...
Carlos C.
Location of your LLC
One general question... Why is preferred or suggested to form the LLC that owns the RE rental property in the same state where the RE is located?
Shawn McKinney
Series LLC pros and cons
Has anyone switched over to SeriesLLC? If so, how has it worked out for you? Is there any case law on SLLC? I'm getting big enough where I will need to start separating assets. I'm in Arkansas and there is no case law...
Mark Taylor
Utah Properties in Family Trust or an LLC?
Hello BP community,
My parents would like to start buying rentals as a way to transfer wealth. My siblings and I would also like to invest so that we can build the portfolio faster. The long term strategy is to buy a...
Lisa W.
Series LLC or Umbrella policy on networth
I'm starting on my journey as an REI and am hoping someone can help with the legal aspect:1) As I'm reading forums and accumulating everyone's "house hacking" ideas, there's been a conversation about Series LLC: one h...