I went to an investor meet up and we met with a lawyer who was telling us that regular Insurence is not enough. He said that you want to have an LLC to protect your assets in case something was to happen related or n...
Interested in purchasing a home and it has “eroding pilings underneath the foundation and It needs to be replaced”. I dont know anything about foundations. How “big” of a job is this, typically? Trying to decide if I ...
At what point do you establish LLC and close in those? Our first deal was in our name being we did a live in flip. We are looking for our next non owner occupant investment property.
Is it advantageous to create LLCs to perform “normal duties”? Examples- Property maintenance, cleaning, remodeling, etc.
Hello Everyone,I owned 3 single family homes,I used to rent 2 of them and decided to sell all of them to have money to go into flipping,the reason I decided to do this and quoting rentals is that I am OVER (maybe not....
Fellow investors! After you acquired your first multiplex property, how and when did you acquire your second? How did you leverage your first to get your second property? What does the bank look for when lending yo...
I just rented my place in the Bay Area, CA. but live in texas. I’m trying to determine if I should open a LLC to protect my personal assets or just go with an Umbrella? Since the property is in CA, I assume I would ne...
I just want to know if someone can explain to me the importance of creating the LLC so that I can fully understand the concept. For example, why can’t a wholesaler or houseflipper get paid without the LLC? And what is...
Debating on creating an LLC for protection and tax benefits. I've been told the LLC set up as a sole proprietorship (what I'm planning) won't give me any more tax benefits than owning a property and carrying a heavy u...
Hi all,I'm committed to start a career as a real estate investor so i'm working on getting myself educated by reading books, blogs, podcasts, asset protection, analyzing properties in the Dallas-Fort Worth Metroplex ...