All Forum Posts by: Janyl Ventura

Hey! Anyone else getting annoyed with glitches in the rental calculator lately? My biggest issue is numbers rounding up or down from what i've entered and the insurance/ property tax portion changing from monthly to annual once you submit when you want it to reflect monthly and having to go back and update it a few times before it sticks. I haven't had an issue until recently but this is getting very annoying... anyone else expericing this?

@Cal Dunagan Thank you for sharing the article! Series LLC sounds like the right way to go in my case. Will be a lot more organized too with the parent-child structure for portfolio building!

@Christopher Parsons I will be sure to check out his YouTube channel! Thank you for the response and suggestion, Christopher! I appreciate it.

@Steve Vaughan thank you, Steve! Good to know your recent experience with 2 partners as well as the TIS agreement, not something I considered but will do some more research- great idea.

@Eamonn McElroy Thank you! I appreciate your response and focus questions to bring back to the table with my partners to determine before seeking professional advice. 

@Ashish Acharya Great, thank you for your reply!

Hi all,

I'm working with 2 others to start buying properties to hold and rent out. I'm aware that having properties under an LLC is a smart move for liability protection, I'm just not sure which business entity formation would be best for 3 people involved. I'm reading a ton about LP, Corporations, LLC's, then S/C Corporations, REIT etc. but still confused on which to file under.

Any lawyers of CPAs have solid advice for different scenarios where one business entity formation works over the others? 

Thanks!