Feel free to contact me at 702-631-8585 or email:
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While you have the right to transfer ownership (deed) of the property to whomever you choose, including a LLC, when there is a mortgage on the property, the mortgage lender also has an interest in the property.
Because the mortgage borrower must have an ownership interest in the property, the lender may or may not allow a personal borrower to hold the mortgage on a property owned by a LLC.
The majority of our clients perchase properties in an L.L.C.
I would suggest you consult your accountant first.
I would be delighted to assist you once you are satisfied.
Please feel free to contact me directly at 702-883-1488.
My personal preferred lender is:
I had 10 rental properties and I held mine in LLC's. Delaware has a series LLC structure that can be good for some investors if the plan on having multiple rentals. Also check on a large umbrella insurance policy. If you need my help and direction just let me know. I am always available to answer your questions and help in anyway I can.
Buying a Real Estate property with the intention of investment and renting it, Its recommended to buy under an LLC to protect yourself and your assets in case of a litigation. I would sujjest to talk to your accountant for the best advise and deciding what is best best way to take title as.
If you are in need of a good local CPA, that is working with investors and knows their needs, please contact me at 702-612-7099 or email at firstname.lastname@example.org.
I offer AAA+ " One Stop Shop" service ..a team of professionals tfor all investor's needs that includes property management, certified accountants, banks, financing, insurance, title, appraisers, inspectors, translators, repairs and etc.
We also offer full service to our of town and country clients of going to the properties, taking pictures and videos. Preparing market comparable for rent and sold properties and using high technology systems to keep you informed and within reach.
For more information, visit my website at http://www.cvegashomes.com to search for all the bank owned properties in Las Vegas under $ 100K.
As one who is in the top 5% of the City in Sales volume, I hope I would be considered among the ranks as a "Good Realtor", but there are a lot of really good agents in Vegas to choose from. I can also recommend a good Lender. I have been in the Real Estate business for more than 32 years, 20 of which have been in the Las Vegas market.
As an investor myself, I will tell you I prefer to own my properties in an LLC, but I do not know your situation, so cannot say definitely which is best for you. Since Nevada does not have corporate or State tax, the other consideration for ownership deals with personal Liability and the ability of an entity to penetrate the corporate shield. With any property you purchase the Lender is going to require that you sign personally, not as a Corporation, so there is no advantage from the standpoint of liability in case of default. Do you have any other reason you want to consider purchasing in your LLC?
If I can help, please don't hesitate to call or email.
Best of luck, and thanks for reading.
Great questions. LLC is the best route. You will have to make sure to write the offers in your personal name if you are planning on getting a loan then putting the properties into the LLC. Cost is very low to do the transfer. $50 or so.... We represent many investors and would be interested giving you an initial consultation if you like... Here is a link to my team and I:
Here is our last investor newsletter that just went out last Saturday:
Hope this information is helpfull...
what's your budget?
do you have the ability to fix it up or get it fixed up and ready for occupancy?
would you like a ready to rent turnkey property?
would you like a property with a tenant in place?
feel free to call me at 702-677-8796
It's best to consult your accounting and legal team on how to structure your specific investments. In my personal experience, i've found it best to hold each rental property in its own unique LLC. This way, the properties are unrelated and won't be liable in case of an incident.
I'm happy to help you find the right property for your needs and connect you with a quality loan officer. I have an additional idea for you that you may want to run by your team of professionals. Give me a call to discuss.
Prudential Americana Group, REALTORSÂ®
Search for all current properties in Las Vegas at http://michaelcoxen.com
After you get qualified for a loan, you will need about 1500 for EMD (earnest money deposit) that will hold the property after you have made an offer.
Please call me so we can talk. 702-239-6900 Rhondasellsvegas@gmail.com http://www.AllLasVegasHomes.com
The protection from an LLC is well worth it. You don't want to put your personal assets at risk.
I am a Las Vegas Realtor and I work with several investors both in and out of the area.
I also have good relations with several experienced loan officers.
Feel free to give me a call.
Contact info is below....
Hank Lauzon III
Exit Las Vegas Realty Center
6600 W. Charleston #119
Las Vegas, Nv 89146
Web : http://www.HanksLVRealestate.com
Never look down on anybody...unless you're helping them up.