I understand the basic protections afforded by the LLC, using a separate LLC for each property in theory provides the best legal protection against other assets. However, having separate LLC for each property seems li...
Hi BP,I just started managing a friend's home in Indio, CA remotely. He hired a property management company and is under contract with them, but they have failed to bring him any bookings thus far. He doesn't have the...
first thanks to bp for the boat load of knowledge, looking for advice or direction to a trusted professional on what steps i should take next. I am a ex carpenter who became disabled and currently live off of ssdi and...
Hi everyone, I'm in the process of setting up my first LLC. My mom is lending me some money for my first rental. Would it be beneficial to have her as a member of the LLC, or should I just run it as a single member? W...
Hey Ladies and gents,
I have a bid in on my first prospective rental property. At what time is it necessary to form an LLC to protect my personal assests from liability? I know of people who put each property inder...
Hi, what is the benefit of listing a property with the LLC, for example, I saw a home on Zillow that was purchased by someone using the street name ex: 2345 Anywhere Dr. LLC I also saw the business was formed when the...
I'm taking steps to buy my first rental property and I'm wondering if forming an LLC is worth it considering everything that I'd be protecting under the company would be protected with a good insurance policy. Acciden...
At what point as a rental property investor do you consider becoming an LLC? When does it provide more benefit?
Hello Everyone,looking for lessons learned or must haves when shopping for home owners insurance on rental properties. Currently in the process of buying a duplex and want to make sure I’m well insured for the unpred...
I just bought my first SFH and am closing on my second at the end of this month. Both are located in Toledo. I live in CA. Im trying to figure out what my real needs are for an LLC. My questions are:Anyone just us...