All Forum Posts by: Bryan C.

because i dnt have to pay the $2k if property remains under current LLC name

It is complicated....current owner owes City $2k if they sell before Nov. So I would take ownership of the LLC the title is under and sometime after Nov 2015 I can change property to be under an LLC that I create vs one that I bought.

If I decide I want to change the LLC that a rental property is under....can I do that? If so, how? What concerns should I have?

I ask because I might need to buy a property under a LLC and transfer the property after 1 yr to another LLC....

So I am new to the Private Lending scene...I have someone who I am ready to start lending with/building a partnership with but I need advice....

What kind of questions should I be asking to get to know that person better ?

I am looking to structure a deal w/ split profits or a standard ROI....what should we split if I am providing funding and they are providing the rest?

What documentation should we have to protect all parties involved?

What other information would you like to share with me?

@Ben Leybovich ...what would you suggest is the best metrics to follow when dealing with property $25-40k?....I am familiar with Cash flow, CAP rate, Cash on Cash....not familiar with IRR.

@Krysti Sam , did you get an answer on your search for a great property management company, realtor, & contractor?  I am searching for the same answer...

Brian, I am interested to hear if you got an answer on this question?  I am in the exact same position...

I would appreciate your feedback.

@Drew Dallas ,

Please add me to your list and send me details:  [email protected]

Good morning,

I am for deals at 20% or higher CAP rate. Please send me your info and I will look at it, but make sure your #s are right! Please don't send me a calculated CAP rate that doesn't factor in Vacancy, Maintenance, Taxes, Insurance etc.

Thanks everyone!  I will do some more research.  I think $75k is more than enough if lending to 1 person.  I will take a better look this weekend and post