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All Forum Posts by: Jesse Villaneda

Jesse Villaneda has started 3 posts and replied 4 times.

Quote from @Tracy Schaffner:

We are in the permitting process with Delta Build right now.  The sales team is very responsive.  The project manager refers me to the “packet” any time I have a question.  He also told me he is too busy to talk to me on the phone.  I have not talked to him one time.   Will see how the project ends but I am on the fence if I would recommend them to anyone.  


 Hi Tracy, where are you at with this process with Delta? I am also have issues with this construction group....

Hey bigger pockets community! I am currently a year in contract with Delta construction group in Cape Coral, FL which was the advised builder by rent to retirement. Has anyone had any issues or concerns they'd like to personally talk about concerning the builder and their issues? Please let me know and we can talk about our experiences with this builder and how to resolve any issues with the process. Thanks

Post: Create LLC's and Trusts Rookie talk

Jesse VillanedaPosted
  • Posts 4
  • Votes 4

Hey BP community,

I definitely need some help understanding the next step in my real estate investment journey. I currently have 4 properties in Indiana, and just recently bought 2 lots in Cape Coral Florida. In order to close on the Florida deals I needed to create a land trust. 

1) how do you guys structure your LLC VS. individual trusts for each property?

2) Do I need a Trust for each property? If I do, typically how much is a trust for each property? 

3) Why do I need a LLC if I have a trust for each property?

This is the one part of this real estate journey that I do not enjoy trying to understand. If anyone can please help me understand this legal structure id really appreciate it. Thanks guys!!

-Jesse

Hello bigger pockets!

Thanks for any advice and guidance as, like many, am new to REI! Being new to the community I've made the decision that best suites my investment situation will be to invest with a turnkey operation to learn the basics, build my portfolio and branch fro there. I had a phone consult with "Rent to Retirement," and they seem like a strong fit for my type of situation. Does anyone have any experience or input that they can share with me? I've set my goal to buy my first investment house before the year ends and i'd love to get some advice with this type of process. Thanks guys!

Happy investing!!