Comments on: When aquiring investment properties, when is a good time to get an LLC? http://realestate.realhow.com/when-aquiring-investment-properties-when-is-a-good-time-to-get-an-llc/ Socially Responsible Real Estate Investing Wed, 03 Dec 2008 13:01:39 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: TX-REInvestor http://realestate.realhow.com/when-aquiring-investment-properties-when-is-a-good-time-to-get-an-llc/comment-page-1/#comment-146 TX-REInvestor Sun, 18 Feb 2007 22:00:22 +0000 http://realestate.realhow.com/when-aquiring-investment-properties-when-is-a-good-time-to-get-an-llc/#comment-146 GOOD QUESTION! Yes, you will want to put the property in an LLC although you dont have to use and LLC... you can use FLP, LLP, etc.. You dont need an attorney to acquire the LLC but you will need the attorney to help you write up your LLC. They will make sure its written up in your best interest. If youre a bit lazy, you can have the attorney do it all for you but it will likely cost you an extra 1k. The costs are different from state to state. TX is a few hundred dollars and is only needed once. CA costs are much higher and needs to be renewed every year, yuck! But its worth it if your serious about real estate investing. Easy Answer: Get with your attorney on this and explain what your plans are for the future. FYI:Its not about having your personal info out in the open as it is used for legal protection. Good L.U.C.K.! (Learning Under Correct Knowledge) GOOD QUESTION!

Yes, you will want to put the property in an LLC although you dont have to use and LLC… you can use FLP, LLP, etc..
You dont need an attorney to acquire the LLC but you will need the attorney to help you write up your LLC. They will make sure its written up in your best interest.

If youre a bit lazy, you can have the attorney do it all for you but it will likely cost you an extra 1k. The costs are different from state to state. TX is a few hundred dollars and is only needed once. CA costs are much higher and needs to be renewed every year, yuck! But its worth it if your serious about real estate investing.

Easy Answer: Get with your attorney on this and explain what your plans are for the future.

FYI:Its not about having your personal info out in the open as it is used for legal protection.

Good L.U.C.K.! (Learning Under Correct Knowledge)

]]> By: debmil31 http://realestate.realhow.com/when-aquiring-investment-properties-when-is-a-good-time-to-get-an-llc/comment-page-1/#comment-145 debmil31 Sun, 18 Feb 2007 16:44:49 +0000 http://realestate.realhow.com/when-aquiring-investment-properties-when-is-a-good-time-to-get-an-llc/#comment-145 see a solicitor it may be cheaper to buy and put in a trust...usually when buying through a LLC the mortgage rates offered are higher than usual... see a solicitor it may be cheaper to buy and put in a trust…usually when buying through a LLC the mortgage rates offered are higher than usual…

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