All Forum Posts by: Jarrett Gilliam

I spoke woth someone at Prosper and they said most plans only allow one room to be rented at a time while house hacking as a having a second tenant in the home raises liability. Is there a way way to rent say 2 rooms in a 3 bedroom home with insurance? Any suggestions on companies?

Thanks for ya'lls responses. Im trying to minimize cost since I will need to occupy the propery and will have to pay all STR utilities and my own anyway. You have given me some good things to consider.

Looks like for the most part everything will be seperated and I will just pay for both units myself. The internet seems to be the only thing I can truely consolidate for now.

Hi all,

I am trying to run numbers on a duplex and I'm curious about utilities if I decide to live in one unit and STR or house hack the other. Normally the utilities are split for LTR but, for STR I'll be paying for all utilities. Is it possible to combine utilities for both properties? If not all them some?

For electricity is this hard set based on wiring? 

Internet might be easier if i pay for another modem in thinking instead of paying for two plans. 

Insurance, do i have to pay for each unit or is it possible to have one for the entire duplex?

Thanks for replying. Im still confused about something. The words "transfer property from me to trust." I dont want to purchase the property personally. The Holding LLC formed in Wyoming(Anonymity) would be purchasing the property and naming the LLC as beneficiary. My name wouldn't be on the deed either way right?

I'm also confused on who is creating the trust. Its the holding company creating the trust right? I'm staying out of the whole thing personally. 

Am i looking at this correctly?

Hello all. My understand ing is there are three main approaches to asset protection and anonymity. 

1) Wyoming(WY) Holding LLC purchases properties and leases them to individual LLCs (Operating Companies).

2) The WY Holding LLC simply owns the LLCs that each purchase the property themselves.

3) Then theres the land trust. This perhaps is where im most confused. I can create a WY LLC as trustee and name my Operating LLCs as beneficiary. Who is exactly the grantor in this situation? Is it me or the Holding LLC?

What is the benfit of using a Land Trust if the WY LLC provides anonimity?