Sorry if the below sounds like a rant but this is starting to drive me bananas.I've been looking to set up some asset protection as I have 11 buy/hold residential rental properties that are scattered across 3 states, ...
Bought the house in 2020 and have lived in since. Up to date on payments. Have lived in house since 2020. Conventional fixed rate mortgage which was sold to Fannie Mae shortly after originating. Wanting to turn into r...
Hi everyone!My husband and I are planning on jumping in to the Chicago market and are pursuing fix/flips. We are having trouble deciding which entity(LLC, S-Corp, land trusts, etc.) to create and are looking for advic...
BNI is Business Networking International, a networking group where you get to know one another well enough to pass personal referrals. I am a member with one of my other businesses and my renewal is coming up very so...
I was told I made a mistake by creating an LLC and was told I should have put my properties in a land trust. How would I go about doing this? The guy didn't explain it very well. I was confused. Is he right, or does i...
Good strategy??? - Each rental property will have its own Land Trust and each Land Trust will be owned by one overarching LLC. Will this still provide protection over having each rental property in its own LLC??
Hi, my parents are thinking of partnering with my father-in-law on a flip. My FIL already owns a painting company which is an llc. My question is whether it would be possible for my parents to start their own llc and...
I currently own a couple duplex properties in different cities, and I also live in a different city than my properties. What is the best way to protect your properties from lawsuits and other occurrences of that type?...
Anyone able to get me in touch with someone re: silly me putting my real name and trying to have some sort of anonymity from tenants. The fact these forums are wide open is a major oops for me. Help.