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All Forum Posts by: Carl R.

Carl R. has started 4 posts and replied 6 times.

Thanks Deren for confirming that.  

Post: Setting up LLC for first rental property

Carl R.Posted
  • Posts 6
  • Votes 0

I'm getting ready to start buying some rental properties in Nevada. What is your advice about setting up an LLC for this. Do I get the loan in the name of the LLC? Do I put my wife as an additional owner of the LLC? Should I get the LLC before I purchase the property? etc. etc.

I'm getting ready to buy my first investment rental property. Brandon Turner says he won't do a deal that doesn't yield at least 12% ROI. Does anyone have any thoughts on this and reasons or situations where you would accept less than 12% ROI on an investment rental property? For example, I'm 55 years old and have a successful optometry practice. I'm only looking at real estate investing as a way to supplement my retirement in 10 years as apposed to putting more money into a 401K.

I live in an area where rentals are in high demand. I've been looking for a multi-family investment property to buy, but there is very little available and the market is high. There is  a housing crisis  based on existing housing and projected growth. But there are no new building projects for multi-family properties.  I have begun discussions with  a friend who is a builder about partnering to build a 4-plex.  Has anyone had any experience doing this? Not sure how to form such a partnership or what it would look like, or if it is even advisable.  Any ideas??

Thanks John. What is CCR and how is it calculated?

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*This link comes directly from our calculators, based on information input by the member who posted.