All Forum Posts by: John K.

David,

 Yes i mean transfer title and ownership with a deed of trust. I have to look more into it, but i was reading someones post talking about a quit claim deed. 

Our plan is to purchase a multi-family home together and hold it for several years while renting it out to tenants. 

I was asking really if it was possible to purchase a property under the LLC to begin with instead of transferring later. With some research later i heard it was close to impossible especially being our first property and a new LLC. Is this true?

My other question was about if it was a bad idea to create an LLC months before actually purchasing a property. The reason behind this is because i am actually overseas. The idea behind this was to have everything set up so in 6 months when i come home we are ready to start looking into properties.

Thanks for the reply i hope to hear more from you and possibly others. I apologize if i was unclear. 

Thanks guys. Jeremy our current idea for the time being is multi-family homes. I also talk about one day maybe moving into fix and flip I guess you can say. Starting young is great It gives me a lot of time for oppurtunities to come my way.

Timothy I am from the Putnam/Westchester county area. I see you are from East Northport not really sure that is.

Hello everyone!

 I already had another post asking a question but I felt it was a good idea to introduce my self. Well to start I must say this website is awesome. Everyone seems to be very helpful and I have found tons of great information already.

I am currently active duty and overseas in the U.S Army. In just a few months I will be separating from the army to move on to bigger and better things. The army has done a lot for me but I want to see what more I can do with my life.

I am new when it comes to purchasing property, but this is something me and my partner are going in to together. My father is a plumber, carpenter, and now a home inspector which he does all three. I feel he will be a great asset for my start up with connections and what not. Well I am looking forward to learning from you all and possibly meeting other investors in the New York area.

Well today I stumbled across this wonderful website and had to sign up as soon as possible! I spent quite some time reading old posts in regards to my question, but I still need some advice specific to my situation.

Well me and one of my accomplices have been talking for a while now, and finally decided to get into real estate. We are always talking about business so we do have a good relationship and are able to separate social life from our future business life.

With some research and talking to a few connections that I do have back home decided to start an LLC. After doing a lot of reading I am confused on when and if we should even start an LLC. Our plan was to create the LLC and have a detailed operating agreement before even looking to purchase any property. Is this wrong?

I also find conflicting information on weather or not a multifamily home can be under an LLC. A few people said yes, and a few people said no due being less then a 4 unit. Can someone explain to me weather or not it is possible? I noticed you can transfer later with a deed, but you run the risk of "Due at sale clause".