All Forum Posts by: Dhiren Ahir

@Stuart Udis This is so helpful. Yes I have used all licensed and insured contractors/ vendors. I have enough liability insurance for all my properties and I'm insured. I was under impression that I need LLC. Beginning this year I am trying to be on top of recording and documenting everything related to my real estates. My objective is to do everything possible this year to qualify for REPS, I really appreciate your responses. Thank you.

@ Caitlin MacMurtrie. Wish you all the best on starting out. I dont have answer for you. You are asking right questions. I will definately let you know once I figure it out. 

@Stuart Udis

Thank you for replying. Its both asset protection , business planning as well working towards getting REPS status for tax purposes. I acquired 7 SFR over period of 5 years. When I started out I didnt know so I'm learning as I go further. I am not planning to refinance.

Thank you for your response. I'm not looking to refinance. I am looking into creating business entity and place all property under that. I will still make all payments and be personally responsible. So you recommend attorney can help me with it?  Sorry if I  sound stupid as I am trying to learn and find out how to do it. 

Hello,

I have acquired 7 SFR so far. Mortgages are all under me personally. I would like to create business entity and put them under it. How would I go about it?

@John Cho

Thank you for your input. Can you please tell us those LP group . I would like to join.

@David Kelly

Hi David,

How much difference does escrowing makes? Is it worth having?

Do self employed get higher rates than W2 usually?

Thanks.

@Shiloh Lundahl congratulations! True inspiration.

@Kerry Baird thats what my plan is. Closing my 3rd turnkey rental soon. Have over 60 %equity in 1 st and 40% on 2nd, putting 25% down for 3rd. Plan is to payoff 1st before taking more leverage.

@Kerry Baird got it. I need to develop thick stomach lining.