All Forum Posts by: Frankie Cullinan

Looking for recommendations for a property manager. Currently have 11 single family homes with tenants in place. All properties are located in the northwest suburbs.

Thanks for all the input! Think I use the lawyer cheap price to pay if I have issues. 

Hello, Question on LLCs. I'm in contract to close on my 3rd long term rental on April 18th. My other two are under LLCs then we have a holding company on top of that. Talking to the law firm that set these up they are saying to purchase the property under my name then switch to an LLC after we close. Cost to have them do this $500. There is also a $155 filing fee payable to the Secretary of State for each LLC. Does this process seem normal and is this something I can do to save the $500 or their a-lot to it and I'm better off paying the $500.00. Plan to buy several more so just trying to get a process in place. Thanks BP

Sweet! Thanks Jay!

Hi All, wondering if anyone knows someone in the Minneapolis area that can help execute the 1031 tax rule. Have a single family rental property that I would like to sell and use the cash for down payments on 4-5 more townhome rentals. TIA