All Forum Posts by: Steve Williams

Great feedback/insight Stuart.

Yes, the total I'm proposing to protect is $730k in rentals and $515k in PN/Mortg. But, your mention of possible internal issues and how they're not protected is a great point (eye opener). I've about succumb to the idea of just keeping it all under my single-member LLC and letting it ride (hope for the best). Thanks for your input.

What great feedback from you both.  One thing I didn't mention is I'm 67 and mostly living off my income producing assets, i.e., rental properties, RE secured promissory note, high-yeild savings, etc.  So, protection is most prominent on my mind. Yes, I'd like to be able to possibly make portfolio improvements/adjustments, additions, etc.., if possible.  

Yes, I'm going to reach out to an estate/asset protection attorney for an initial meeting.

Thanks so much...!!!   

Hi All -

Without knowing all I probably should about an irrevocable trust, I'm getting the feeling I might be gambling a bit here. I currently own two SFR and one duplex rental properties with no debt in Cleveland under my Florida LLC, approximately $730k with an average NOI of about 7.3%. I'd greatly appreciate some feedback from seasoned investors, especially with multiple rental properties, your thoughts on putting it all in a trust. And, perhaps some recommendations.

Much Obliged -Steve W   

Thanks Kim... I didn't submit the question but that's good advise.  I recently moved to Sarasota from Boise where I built homes. I'll be dipping into the RE market here in one way or another.  

Very best -Steve

Hi Kim... I'm assuming this is held in LA, not on-line...?  I'm in Sarasota, FL and curiously-interested if it's not an avenue for me at this stage.  

-Steve W

Hi everyone... Im relatively new in Sarasota, FL and hoping there's a real estate group here that meets on occasion (or would like to) to explore RE related investment prospects, etc.  

...coffee, wine, cigars, etc.?   

Thanks -Steve