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Hello, posting this in the pro area in hopes of getting some expert opinions! I plan on doing fix and flips and maybe some wholesales for now, with that said I have some questions and would really appreciate if anyone...
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Hi everyone, my business partner and I have just purchased our first rental property, and are now thinking of the best way to manage the property from a business perspective. We've looked into and are pretty convinced...
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Hi all,I looked up some of the discussions on land trust and still have a few questions so asking for clarifications.Here is my scenario: Have a few rental properties, most with loans and few no loans. Currently all...
Hello BiggerPocketorsMy wife and I just placed an offer on a townhouse, and we're pretty confident that the seller will accept it. We are also in the process of creating an LLC in the state where the property is locat...
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I have made several great connections on BP from contractors to many millions in closed deals from house hacker clients. I even met my business partner on here who started as one of my realtor clients and we are now o...
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Hi All,
I’m planning on switching from a California-based LLC to a Wyoming-based LLC for my California rental property. Let me explain..
Currently I own a property in California which is owned by a California-...
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Hi Everyone – I’ve recently entered into a land trust with two partners to purchase and flip an SFR. Since the closing, two of us have decided to keep the property and buy out the third partner. Now that we plan to ...
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Hey everyone, I talked to a laywer the other day that told me under new federal regulations you still have to release the names of the stakeholders. I thought I would have heard about this if that was true. Is this tr...
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Hey Everyone,I have recently created an LLC for my rental portfolio. Does anyone have experience transferring a rental property to an LLC from their personal name? I'm assuming you would need to seek a whole new loa...
Now that you have an asset, let's talk about asset protection. Below are a few strategies I've ranked from worst to best, which offer varying levels of protection. Worst:
- No coverage, held in your name.
Bad:
...