I was a landlord for 30 years. Times were different then. Now, the best way to own investment real estate is to buy high quality REITs, forget about tenants, toilets and such. Leave that to pros. You gain diversification, liquidity and restful nights. If you want to do it really right, hold your REITs in a Roth IRA.
Typically, yes! However, before creating the LLC we need to see the facts involving the property. A meeting with our experienced corporate attorney will help you take care of this situation. Please contact our office: www.cunninghamlegal.com/california-law-offices/contact/
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I was a landlord for 30 years. Times were different then. Now, the best way to own investment real estate is to buy high quality REITs, forget about tenants, toilets and such. Leave that to pros. You gain diversification, liquidity and restful nights. If you want to do it really right, hold your REITs in a Roth IRA.
Harley, you are 100% correct- for those burned out from managing real estate, this can be a fantastic option!
What if my client bought it in their name as H&W in California - can they convert it into an LLC?
Typically, yes! However, before creating the LLC we need to see the facts involving the property. A meeting with our experienced corporate attorney will help you take care of this situation. Please contact our office: www.cunninghamlegal.com/california-law-offices/contact/
Can I afford your services?
That would depend on what services you need. Please contact our office! www.cunninghamlegal.com/california-law-offices/contact/