In regards of privacy and taxation what value can a Wyoming LLC holding company provide to a RE business that buys & holds/BRRRR and has an attorney at law conduct Wyoming LLC annual reports for me?Let's say I hav...
We’ve all seen the dozens of opinionated posts about LLC vs. no LLC, maxing out personal umbrella insurance vs. creating legal entities, whether it’s worth it to create holding companies, pros/cons of series LLCs, and...
Hi everyone,I am working on a few transactions for buy and hold properties, and I am trying to figure out how to hold each of them in individual LLCs.I think I know to hold each property in its own entity. What I don...
When setting up an LLC for STR in another state, do you set up the LLC in your home state (FL) or the state the property is in (NH)?Reasons why? or why not? And I'm sure at least someone will say "talk to your CPA" lo...
I've done some research (rich dad adviser books, google) and have decided to go with an LLC for my situation.Specific situation:Currently own 5 houses, looking to purchase a 20+ unit complex this year. The next 5 year...
Hello everyone, Relatively new to BiggerPockets and real estate but I want to be financially free and live life by my own terms. I have twin brother and we both are interested in getting started and working together. ...
Hey all. We have 3 rentals and close on a 4th in a couple weeks. They’re all under one LLC at this point but wondering if we should be creating separate ones and also how others are managing all the paperwork so tax t...
I'm soon to be a landlord for the second time. The first was terrifying as I was leaving the state and trusting my home to a "professional" Property Manager. This time I will be doing it myself. I'm wondering if anyon...
Good Morning family,
I'm aware I don't need a LLC when executing a few deals starting out, but would I be able to run a business doing wholesale deals under an LLC meant for fix and flip? My plan is to fix and flip t...
I'm a California resident and am thinking of setting up a California LLC as the holding company to own Texas LLCs that will own the property. After consulting with a tax attorney, he said I could also setup a Delaware...