Do you form a new LLC/entity with each new property you buy or do you have one LLC/entity holding them all?
Need advise on how to set up best and practical asset protection. I Live in CA. Have multiple single family Properties in various states. Ca lawyer says single member LLC are not really a protection in CA. Need to for...
My partners and I live in California but are looking to purchase / have purchased properties out of state. Should we form an LLC in that respective state or will a CA LLC be enough? We're specifically looking at the ...
I have one rental property and just bought another house (new construction) near me for my second Rental Property. I know I should have one LLC per rental and that is my plan (have one SMLLC now), but laws here in FL ...
I am an investor located in Michigan and in the process of developing a business plan but am struggling to figure out how to set up my LLCs with scalability in mind. Below is a rough outline for both a buy/hold and fl...
Hi everyone!I have been debating creating an LLC or conducting business as a sole prop with DBA (doing business as). Currently, I do not have any properties. However, I plan to purchase my first rental property in t...
I have a family member who wants to invest in a commercial real estate deal with me. How do I proceed?Basically ,this is a residential multifamily property. I will have some stake in it as well.Can he lend his money t...
I am buying my first rental property. I have no dept and my net worth is about 150K, and I would like to keep it that way. Questions are 1. Do I open an LLC to protect my personal assets? If something should happe...
If one LLC owns the other can you still file as a s-corp? I read you can not file as an S corp if the llc is owed by another llc. How does this work with series llc?
I currently own 4 duplexes and 1 sfh as a sole proprietor. I’m wondering what the tax implications are if any for adding all under an sCorp. Is it worth it?
Thank you,
Garrett