All Forum Posts by: Jordan Alexander

Quote from @Olia Fogel:

Hi Jordan,

For someone looking to invest in multiple rental properties I recommend looking into a Series LLC as a holding company, primarily because it has unlimited scalability. Creating new series is fairly simple and does not require any additional filings or fees with the state, as opposed to needing to set up a new LLC for each property.

Additionally, you can set up a Property Management LLC, which is usually a standalone LLC for all property management activities, such as collecting income, signing contracts etc.

Thank you for the information Olia! I appreciate it! Is a series LLC where you have sub-LLCs under a main LLC? In other words, if 123 Main Street, LLC is under Alexander & Associates, LLC, can I also have 456 Main Street, LLC and 789 Main Street, LLC under Alexander & Associates, LLC? What if a tenant was suing 123 Main Street, LLC? Would my other LLCs be protected? I hope this makes sense what I am trying to get at.

Quote from @Scott E.:

You're going to get very divided opinions here.

Most people agree that forming an LLC is a good plan for (some) anonymity and protection, but the right insurance policy is even more important. A new LLC for every property is probably overkill. But again you're only going to get opinions here.

Hire a real estate attorney to help you out.

Thank you Scott! I appreciate the advice! A real estate attorney is definitely the way to go.

Good morning,

I'm looking to get advice on LLCs. Is it better to have all rental properties in one LLC or have an LLC for each property? I understand having multiple LLCs can be challenging but I think it would be helpful to have a business checking account for each LLC, so that way it makes it easier to have income and expenses of one property going in and out of its own account. Thoughts?

Hi everyone,

Since interest rates keep rising, one of the strategies I would like to use during this time in our economy is seller financing. I've done a lot of research and have found the best time to propose seller financing is when the owner owns the property free and clear. Any ideas on how I can look to see if properties have a mortgage on them? I've heard you can have a title company do the search for you, but this can also be a costly route. Any information would be appreciated!

Thank you,

Jordan

Hello everyone,

I am an aspiring young real estate investor, and before buying my first rental property I would like to build my real estate team of professionals that can help me reach my goals. I live in the Kenosha area but I plan invest in areas all over Wisconsin such as Milwaukee, Racine, Green Bay, Madison, Sheboygan, etc. I eventually want to branch out and go out of state as well. 

Below are the following professionals I am looking for:

1. Real estate attorneys experiences with landlords/tenants

2. CPAs experienced with real estate investors

3. Property managers

4. Contractors and Handymen

I would greatly appreciate any information that can be given! Thank you!