All Forum Posts by: Arthur Nogueira

Thank you so much! Great answer. 

ISO Lawyer that is familiar with the process of opening a LLC + Land Trust for me and my partners. I've been doing a little bit of research to become familiar on setting up LLCs for investment properties and came across some opinions that is specific to FL, where STR properties may be transferred to a Land Trust (LT) that's tied to an LLC (Wyoming or select states if we as Owners choose to be anonymous). This potential structure supposedly may avoid transfer taxes or triggering due clauses. I may have misinterpreted the information those other online attorneys were giving, so we'd much rather consult directly with a lawyer to help us best structure our business and partnership. It's me my wife and my partner and his wife are all named on the Deed at closing which has been recorded, but to get the best mortgage rate, only my partner and his wife are on the mortgage; me and my wife contributed to 50% share of deposit/closing and was all in writing as part of the underwriting process.

Awesome, good to know. 

I'm starting my 1st STR soon. What is your preference in frequency to pay for your tourist tax? Monthly, quarterly or seasonal? and is there a reason behind your choice? Also, does AirBNB keep track of the income? and how do they pay the tourist tax back to you? Thank you.

My question is, what’s the best best type of legal partnership between the father and son? My father soon wants to invest in Bradenton/Sarasota, FL and he has all the cash to put it down, and he will be an inactive partner. I will be the active partner doing all the management for him. I will not put any of my cash down since I already bought my property and have a little more knowledge than he does. My other questions is what is the fair percentage of this partnership in this scenario? 
thank you