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All Forum Posts by: Amit Shetye

Amit Shetye has started 4 posts and replied 4 times.

Post: Whole house water filtration system

Amit ShetyePosted
  • Posts 4
  • Votes 1

I live in Texas and am looking for a water softener along with a whole-house water filtration system. What is the opinion of the people about this and do you have any recommendations about the provider?

Hi All,

I need little help understanding the creation and role of an H1B visa holder for a real estate investment LLC. I plan to rent my house starting next month, I am on H1B visa while my Partner is on H4 EAD. We own the home jointly, with the mortgage owner being an H1B holder.

Since we want to rent out the house would like to create an LLC to protect us and our assent from any lawsuits in the future. My question and concerns are there:

How do I structure this LLC, should both H1b and H4 visa holders be part of it or just one?
Can we both directly manage it or is there any restriction or way around it?
Can the money coming as rent be deposited directly to our personal bank account?


Any help or directions will be helpful.

Post: Umbrella Insurance Structure

Amit ShetyePosted
  • Posts 4
  • Votes 1

As the title says I need help understanding umbrella insurance for my case. I have two properties 1st under my revocable family Trust and second which was my previous primary residence (Under Trust) now moved under an LLC for rental. The LLC is part of my family trust; I want to purchase umbrella insurance for 1M. But would like to know:
1. If it will cover my LLC and Trust?
2. Do I need to purchase separate insurance policies for both (Trust & LLC)
3. Help me understand how umbrella insurance work in such scenarios if I keep adding LLCs for future rental properties?


Thanks in advance for looking into my queries.

Post: House Sq Footage Issue

Amit ShetyePosted
  • Posts 4
  • Votes 1

I bought a house during the covid downturn in Dallas TX. The plan we like showed 3200 sq feet. Since I was a first-time home buyer did not know ins and outs of every aspect of home buying. When we did the appraisal the first red flag came which showed the house at 2900 sq ft. But by that time which is July of 2021 during the closing, the prices had already skyrocketed. Builder said it was an error from appraisal and they are used to making such errors. My bad and I believed the builder and moved in.
Now I want to sell my house, so called the county to correct the sq footage. They sent their person to measure the house and guess what it turned out to be 2900 sq ft again. Now the builder is raising his hand and saying he can't help.
My question is:
What is my option now?
The person who did the measurement did not count the stairs in sq footage but said even builders should not count it even if we add that it's just 75-80 sq feet.
At what sq footage should I list my house?
There are 6 houses in my community and all of them show correct 3200 sq ft in county records.