Has anyone formed an LLC using the Nevada Corporation Headquarters. I'm looking to create one there for the corporate veil protection but I've never done one before and I'm hoping for any insight BP has??? Specificall...
Hi everyone,I currently bank with Chase and as its has been pointed out, they don't support Series LLCs from a banking standpoint. I am under contract for my second building, so the series part of my LLC is about to ...
We are planning to invest in our first rental property in a couple months and I would like some advice about LLCs. Do we need an LLC for rental properties? Do we buy properties through an LLC? Do we open an LLC after ...
Hi BP community. I am a newer member and this is my first post. I have a couple questions and hope someone can point me in the right direction. I have one property in NC that I finished renting to my first tenant and...
I just closed on a flip today and spoke to the attorney about setting up an LLC. Ive done several flips now and have rentals so i think its time. They suggested i do two LLC'S so that i have one for my rentals, and on...
If you have a few multi-plexes (4 units), is it good to have ONE LLC and have those multi-plexes under that LLC? Is LLC for commercial units (4+)? Getting an umbrella policy would be cheaper than an LLC for the 4 unit...
Lawyers and REI give the advice to use LLC's to protect properties. And to have separate LLC's (or separate series in series LLC) for each property or at least small groups of properties. I myself have followed this...
Hi all,
I'm curious to know which bank you have a business account with for handling your rental property transactions. I usually use Chase but recently moved my properties under an LLC series and Chase does not do ...
Hello fellow BP friends!Just agreed on our first residential SFP and waiting for the closing in mid-November. Wondering if I should buy it through our newly setup LLC or buy it under our name.Background:-we are both ...
I have two questions. My first question relates to a single family unit that I bought last year to reside in but have just converted to a rental. After research and plugging in all the numbers I have found that this p...