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Will quit claiming our personal home's deed to my wife protect us from a lawsuit pertaining to my business or my rental properties? She is far less exposed on a liability level.
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Are Irrevocable trusts the best way to protect RE against lawsuits? If not, what are better methods? What are the turn around times and how much of the process can I do myself to save $$.
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Hi Everyone,I need your help on insurance coverage on single family rental homes. We are buying a package of 5 homes. (We are not living in any of them) For insurance, agents are telling us its a better route to just ...
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Greetings all. Is there a new form of rental contract that is pro-landlord? How do you draft or go about getting a lease that ensures, to the best legally possible, you’re protected from none-paying tenants? I am doin...
So I am closing on a triplex this Friday. I would occupy one unit and inheriting two tenants. Per our purchase agreement with seller, there are no written leases, both month-to-month, and no security deposits.What hap...
Hi BP,I'm looking for advice or ideas on where to find an attorney that can help me structure my entities and shield myself from liability (inside/outside). Since I invest out of state, my ideal partner would either h...
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First time investor here, and would like to know if anyone has done this in practice. I have read a lot about the importance of asset protection, specifically with rental properties, and note that most investors advis...
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Hi BiggerPockets community,I am looking for recommendations for an experience attorney to help me 1. review/amend operating agreement for my on3 HoldCo (two-member LLC)2. review/amend operating agreement for my one Pr...
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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...
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I am trying to learn the best way to protect assets in the US when I die. My wife is Japanese (we live in Tokyo) and I want to be sure she will inherit all assets in the US. Any suggestions on the best way to do this?...