ifindproperties.com

 (702) 430-7900
Limestone Investments, LLC

Frequently Asked Questions - Holding Title

FAQs - Holding Title
Here are additional tips to picking an agent.
Why should I do this first?
The primary reason is that it will cost you transfer taxes if you decide to hold title differently later. The second reason is that you want county records to show a business address associated with an LLC or LLP - not your home address. Once your home address is recorded, it's recorded forever and tenants can find you.
How should I hold title?
If you are a US Citizen, we recommend using an LLC. If you area Canadian, we recommend holding title as an LLP.
Can you set up an LLC or LLP for me?
Yes. Please see our rates and fees.
How much does it cost to maintain an LLC?
Nevada is about $375 / year if you do it yourself. We charge $100 on top of that if you want us to be your registered agent.
What else can I do to protect myself?
Put your LLCs in a trust. You create an additional barrier against lawsuits AND you provide a better method for transferring your wealth when you eventually check out.
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Vegas Real Estate
 
Same news and there is no end in sight. Unless you are a primary buyer, you are better off looking at alternative types of real estate like commercial or multi-family.
 
Mortgage holders who are paying late are decreasing but overall Nevada leads the country in percentages.
 
Interestingly enough the bust in the economy wiped out many trades who are in high demand now.
 
Land sales have nearly quadrupled as builders scramble to find ways to meet the high demand for housing.
 
We are recommending to all our investors to purchase the right kind of commercial. Namely single occupancy professional buildings and mom & pop strip malls.
 
I find this a little surprising and guessing that this surge is a result of a few businesses taking advantage of the low land prices.
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Welcome Monique
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Monique is a rental specialist and we are extremely happy to have her on board.
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