All Forum Posts by: David Bridges

Thanks everyone, this is all very helpful

 @Greg Scott Thanks for your advise, that's a lot of good info.

I formed an LLC in Tennessee in which I'm the sole member, with the intention of starting a business flipping houses and then eventually transitioning to more of a buy and hold strategy with both long and short term rentals.

Slight change of plans- My wife and I would now like to acquire an Airbnb first. She would get a loan in her name(Only she would qualify, as I do not have a W-2 job), we would use money from my LLC for a down payment, and then hold the property in my LLC. After a while we would BRRRR the deal. Is this possible, or is it better to add her as a partner? Would we lose protection of the LLC? Is it considered comingling of funds? Any insight, attorney or CPA recommendations in the Nashville area is much appreciated.

If that’s the price for a full gut, what are the ranges for light and medium rehabs in middle Tennessee?