All Forum Posts by: Ghassan Jabali

Hello Efrain,

Welcome to Bigger Pockets! I hope you're able to make lots of connections and learn a great deal about real estate investing to build that passive income wealth.

One thing I may recommend if you're very new to things, and if you haven't done so already, is to learn about Trusts and LLCs as you begin your real estate investment journey, either investing on your own or with partner investors. These tools could be helpful for you if you are concerned with anonymity and/or asset protection as you grow your portfolio.

Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice. No attorney-client, fiduciary, or professional relationship is established through this communication.

Hello Daveisha,

Welcome to Bigger Pockets! I hope you're able to make lots of connections and learn a great deal about real estate investing

One thing I may recommend if you're very new to things, and if you haven't done so already, is to learn about Trusts and LLCs as you begin your real estate investment journey, either investing on your own or with partner investors. These tools could be helpful for you if you are concerned with anonymity and/or asset protection as you grow your portfolio.

Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice. No attorney-client, fiduciary, or professional relationship is established through this communication.

Hello Eric,

I hope you're doing well. Generally, if the property is classified as a residential property, not commercial, then individuals can transfer the property into a revocable grantor trust. This trust is similar to a Living Trust and does not trigger acceleration or due-on-sale clauses when it comes to residential property, regardless if it is being used for investment purposes or not. The trust can then be connected to an LLC to have the actual asset protection for its intended business purpose. This is a strategy many individuals utilize to help in situations similar to yours that gives it asset protection without violating any mortgages.

Please let me know if you have any other questions or concerns with regards to the strategy and you can also direct message me as well.

Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice. No attorney-client, fiduciary, or professional relationship is established through this communication.

Hello Jeigh,

Welcome to Bigger Pockets! I hope you're able to make lots of connections and fully tap into that ambition and entrepreneurship with real estate.

One thing I may recommend, if you haven't done so already, is to learn about Trusts and LLCs as you begin your real estate investment journey, either investing on your own or with partner investors. These tools could be helpful for you if you are concerned with anonymity and/or asset protection as you grow your portfolio, even with one property.

Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice. No attorney-client, fiduciary, or professional relationship is established through this communication.

Hello Kevin,

Welcome to Bigger Pockets! I hope you're able to make lots of connections and obtain your first real estate property.

Generally, there are pros and cons when it comes to forming LLCs when structuring. Typically, the cons are added costs with renewal fees with the secretary of state and having more complexity with managing different aspects of the business. The pros are that you can have asset protection to create barriers between business and personal liability. I usually do recommend learning more about Trusts and LLCs, but they can be a great tool to use, even with one property if you are concerned with anonymity and/or asset protection as you grow your portfolio.

Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice. No attorney-client, fiduciary, or professional relationship is established through this communication.

Hello Stacy,

Welcome to Bigger Pockets! Everyone's journey into real estate starts a little bit differently. For my own start it began by looking at strategies first and then focusing on looking for properties. I was fortunate enough to have a family member that was selling property and purchased it from them. Prior to that, I looked into the area for crime, rents, the general location, and property taxes. Once my research was done, I made the offer and then eventually transferred it into a Trust/LLC structure for anonymity and asset protection.

Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice. No attorney-client, fiduciary, or professional relationship is established through this communication.

Hello Jakob,

Welcome to Bigger Pockets! I hope you're able to make lots of connections and learn a great deal about real estate investing in Austin, whether its still in the airpark communities sector or outside of it. It is impressive to hear that you're also a musician and songwriter.

One thing I may recommend, if you haven't done so already, is to learn about Trusts and LLCs as you begin your real estate investment journey, either investing on your own or with partner investors. These tools could be helpful for you if you are concerned with anonymity and/or asset protection as you grow your portfolio.

Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice. No attorney-client, fiduciary, or professional relationship is established through this communication.

Hello Jamil,

Welcome to Bigger Pockets! I hope you're able to make lots of connections and learn a great deal about real estate investing in South Florida.

One thing I may recommend, if you haven't done so already, is to learn about Trusts and LLCs as you begin your real estate investment journey, either investing on your own or with partner investors. These tools could be helpful for you if you are concerned with anonymity and/or asset protection as you grow your portfolio.

Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice. No attorney-client, fiduciary, or professional relationship is established through this communication.

You're very welcome!

@Caleb Lowe

You're very welcome. Always happy to answer questions.

Generally yes, most states will require you to have some type of license or certification to manage other people's properties. However, having an LLC with the license can make sure to limit any personal liability between yourself and tenants as well as yourself and third parties as any agreements and contracts will be with your LLC, rather than yourself personally. If others try to target you personally, you can shift the liability toward your LLC as the appropriate party, rather than have all the liability going to you personally and any personal assets you have exposed.

Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice. No attorney-client, fiduciary, or professional relationship is established through this communication.