All Forum Posts by: Alice Goodson

She is already a 49% partner in our family business LLC. WE are working together as a family to have financial strength. I actually earn far more than she does from my job. Is there a benefit to splitting off? Thanks for the feedback.

First posts so here we go! Question: Can I purchase my daughter's personal property and put it in our LLC inventory if she is a partner?

1. I have already established a Rental LLC with 4 rental properties and +8 Acres of land free and clear (Alabama);

2. I have a property 100% paid off (personal property) that my daughter was living in; 

3. Want to purchase it into my LLC inventory using DSCR. (DSCR = 4.59) for the portfolio [Annual Net Operating Income / PITI]; and

4. With such a high DSCR what kind of interest rate and/or down payment should I expect?

5. Does anyone have a recommendation on a company that can complete this process within 30 days?

Look forward to collaborating with you all.