The gurus all tell real estate investors to hold their properties in land trusts or LLCs. That raises two questions. Do you use an LLC or land trust? How many properties do you put into each LLC or land trust? In this article, I will discuss the
Most businesses are funded by money or “sweat equity” contributed by the owners in exchange for stock (in a corporation) or membership interests (in an LLC). That’s ok, particularly for the initial funding of the company, but you need to understand that if the company goes down,
Say you have dormant corporations or LLCs that you haven’t done anything with in years. Should you keep them or trash them? You may have heard that it is valuable to have an “aged” corporation or LLC. One of the questions often asked at the bank when
A person’s home is their castle, but how easy is it for someone to storm the castle? Legal protection of a personal residence is actually a big challenge. Most people don’t worry about it too much, but those who are active in real estate investing, own their
