All Forum Posts by: Jess Archives

For example, I want to use the LLC when I do business with property managers, contractors, opening bank accounts, accounting, cash flow, taxes etc; but at the same time the properties for the mentioned transactions are under another entity

Can you do business with an LLC even though the property is not under the LLC? Are there ramifications there?

(The house will not be under the LLC as to not trigger due on sale, as rarely as that may happen)

@Logan Freeman I’m looking at another property now. It needs wooden floors refinished, walls painted, laminate maybe quartz counter tops and back splash in kitchen, and garage door replaced. Feel free to reach out if you had someone in mind!

@Omer Zakai

I originally considered Ohio. Could still work. But ended up going with Kansas City.

I wanted the population growth to match national averages and had long term diversified economic growth. KC had that more.

I’m putting my money where my mouth is. I’m investing out of state (out of country actually) in this area.

@Luther Wilson III Would you still be willing to share the GC information?

@John Daley would you be able to PM the contact if your still sharing? Thanks!

@Cody Emily Would you be able to post a what kind of deals you’re looking into?

@Chad Daniel Agreed! Excellent discussion

@Matthew Irish-Jones I actually plan on finding my own vendors for greater returns. But the issue is vetting them. It’s hard to find time to schedule remote interviews
 

@Chad Daniel

@Tyler Geisler Were you able to find a property manager? I’m also just starting out in KC. Currently in contract for a couple homes, I still have yet to find a PM.

@Logan Freeman Would you be able to make a connection still? I'm looking for a PM for SFH in class C/B neighborhoods.

@Chad Daniel The Limited Partner bringing in 100% of the funds makes more sense. (Swapping terms here, Local/LP) As well as splitting the returns above 7% at 50/50. 

This begs another question, when would this be preferred over Index Funds or REITs which have a higher than 7% return over a long stretch of time? (I'm not a financial investor/advisor)

I understand there is value in portfolio diversity. But there is also value in the ease of trading equities. 

If I understand correctly, the highlight of this is a significant return in Year 1 due to forced appreciation and cash-out refinance. Afterward, a diversified asset class hoping to beat 'stocks'.

Good point! My zip code is 64134

Hi all, I know this forum has been filled with general contractor requests. The recommendations just seem to be privately shared. I just finished home inspection and am now looking for a general contractor. Would anyone care to DM? Greatly appreciated! :)