All Forum Posts by: Hans C Hormann

Hello all,

Here is the scenario. We own 6 properties we run str through. We are going to travel on and off for the next year and we are debating on buying a new primary to rent out while we are gone for months at a time. Looking at trying to get a hard money for the down payment or a dscr loan. Thoughts on this?

Thanks James!

Yeah this is my 7th property but my first partnership so this is why I just wanted to see what people thoughts are on how to write it up equitably.

Hello all, 

Just bought a property with a partner and both of side of the partnership want to be able to use the property 5-10 days a year. We have discussed not booking on prime hiolidays etc but interested in how people work this up. We want to make it part of our LLC agreement.

Thanks in Advance!

Already to far in to go that route. Closing in a week. 

Okay so here is a question. I haver a friend buying his first vacation rental/second home. We are goin in as partners, he is buying it initially and I am doing the setup/teaching him how its done. That being said when all is done purchase and setup we will be about 50/50 investment wise. The idea we have is for him to open an LLC then transfer the property/loan to the llc and then add me to the llc after. Does that make sense? Anyone done this?