Hello. I live in Los Angeles, and want to buy rental property here. I read that if someone sues you personally and finds that you have interest in an LLC that owns a rental property that person can take your LLC inter...
If every rental I have is it’s own llc what it the best way to structure things for taxes with losses? I know I can write off improvements and mortgage interest and landlord insurance. Does it many any sense to create...
Hi! I'm just starting out and recognize the importance of an LLC. Should I pay a tax professional to help me setup my first LLC, should I just do it myself (the form seems easy enough), or should I pay for online serv...
I just bought my first property. I was given some advice to put the property under an LLC out of Wyoming as a liability precaution. Anyone hear about this? Pros vs cons? Thanks
I currently have a llc in Illinois but will begin construction for a str on kentucky lake. Can I put the kentucky property in my illinois llc or form a new one in Kentucky. I currently don't have anything attached to ...
Hello wonderful community! We would like to put our current apartment up for rent. Can anyone direct me toward any resources on how to start this process? Meaning, should I set up an LLC? What are some good sites for ...
What are some tips as a new Investor that will help with future planning in adding real estate property in your business name? I am finding banks want you to put it in your name first then it can be switched over in ...
Hi, I am new to the BP forum and in the process of researching my first rental. I plan to open an LLC to protect my assets. My question is -should I get the rental property first or establish the LLC first? Further, I...
Hello all, my wife and I have recently purchased a new house and plan to rent out our current home when we move out. I am working on setting up the LLC to move the soon to be rental home into and I have a few questio...
Hello, I have several long-term rentals that are all currently in my name. They all have mortgages in my name as well. I keep hearing it is smart to "move" these to a LLC, but how exactly do I do that? I know how ...