LLC

There are several vehicles you can use to start a business. One way is to is to set up a limited partnership, corporation or limited liability company. For real estate purposes, most people agree that a limited liability companies gives its organizers the most flexibility in terms of structure and for income tax purposes. An LLC shields its members from claims from creditors and litigation matters. The LLC also permits the tax benefits of the LLC to flow directly to its members. Learn more on this page about when you should set up an LLC and what is involved.

Transfer Property with LLC

Transfer property with LLC using a quitclaim deed. A property transfer with an LLC is not always the best solution for transferring inherited property. Property transfers with LLCs are better-suited for estate planning and would cause problems for most mortgage …

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Using An LLC To Buy Rental Property

You may want to use an LLC to buy rental properties, it may be more cost effective to own in your own name with good insurance in your name. Q: I recently purchased a rental property in Illinois. The title …

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LLC vs Corporation: Can You Do Without Either

When it comes to choosing how to hold your real estate investments, you can choose from many options. The most popular options are using an LLC to own real estate or a corporation. Some decide that they would prefer to hold title to their real estate investments in their own name. Is it wise to own investment real estate properties in your own name?

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S Corporation vs LLC: Tax Consequences For S Corp and LLC

More and more real estate investors are using LLCs to hold their properties. Some still prefer using S corporations but most accountants today recommend that their clients use LLCs or limited liability companies.

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Holding Title To Real Estate in an LLC

When you decide to invest in real estate, you’ll have a choice as to how you want to hold title to your real estate investments. One choice is to hold title to real estate in an LLC (limited liability company). A limited liability company protects the individual owners from personal liability and for federal income tax purposes those investors can ignore the LLC when they complete their tax returns. The LLC exists but the owners can take the losses and gains from the investment directly on their individual tax returns. For these reasons, most real estate investors choose to hold title to their real estate investments in an LLC.

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LLC vs Corporation: Is An LLC Better For Real Estate Investing

Most people prefer an LLC for real estate investing. But some accountants still recommend that their clients use an S Corporation to invest in real estate. LLC, or limited liability companies, have become the method of choice for real estate investors. Most states have laws that permit the use of limited liability companies or some other company structure that is similar to an LLC.

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LLC Limits Type Of Mortgage Lenders You Can Use

When you’re a real estate investor you may decide you want to create a limited liability company to hold your real estate assets and to protect you. When you use an LLC to hold your properties, you’re limited in what kind of mortgage lender you can work with to get a mortgage. Mortgage lenders have to specialize in either residential or commercial real estate loans.

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Creating LLC For Rental Property

An investment property owner created an LLC to protect his assets and transferred the building to the LLC. Now he is worried that the mortgage company will call in the loan. As long as a lender obtains its payments and the property is insured, the lender may not find out that there has been a transfer of the title to a property. Your insurance company, of course, has to tell the lender that the policy has changed and that the new entity is the owner of the property. Ilyce and Sam explain why lenders call in loans after property has changed hands.

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