All Forum Posts by: Khaled Seirafi

Hi all. I own some property in Southern California and the Bay Area. I know that termites are very common in California. I spoke to a few termite inspectors and was told that properties should be fumigated once every 7-10 years, and up to 15 years if treated with material that remains and reduces termite infestation in the years after fumigation. Would love to hear some further opinions and feedback on this.

The reason I was told is that there's no way an inspector can see what's behind the walls and you might have colonies infesting for years without seeing any evidence of their existence. Basically the logic is that you'll won't ever have enough evidence to fumigate, even if termites are actually there. 

Furthermore, I've heard that if you're just going to do inspections, it should be more often than once every 10 years. 

Hi all. I own some property in Southern California and the Bay Area. I know that termites are very common in California. I spoke to a few termite inspectors and was told that properties should be fumigated once every 7-10 years, and up to 15 years if treated with material that remains and reduces termite infestation in the years after fumigation. Would love to hear some further opinions and feedback on this. 

Hi there. Would having properties that are fully paid off in LLCs prevent me from being able to use them as collateral for financing? 

Hi there. I'm wanting to use Legalzoom to set up separate LLCs for a number of properties. The deeds are in the name of a trust though. Is this something I can do on Legalzoom effectively or should I go down the CPA route? 

@Kyle J. Thanks for your response. Just to add some more background info. I co-own a condo with my family. I'd be using the equity in this condo for any future loans. However, because my income is not high enough, I was told that I'd need my mom to sign off on any loan. The reasoning given to me by a friend to create an LLC is to separate myself from my family as a business entity. I'm not entirely sure if it makes complete sense to me, but essentially what I'm trying to do is find ways to not need to expose my family to any risk when I choose to take out any loans to use for investing.

As for filing out of state, I understand your reasoning. Thanks!

Hey there. For the past few years, I've been working for my family, managing their properties pretty much full time. However, I wasn't reporting any of the income I made. I'm wanting to get started in out of state investing (I live in CA) although I need to create a track record for income for about a year to show lenders when I'll need financing. I was told to create an LLC for myself and have my income paid to the LLC so that I can report it. My question is does it matter which state I file the LLC in? California's LLC costs are pretty high.

@Mike Burkett Thanks!

@Andrew Postell Very helpful! I'll be reading your second post. I'm sure I'll have more questions. Would you mind if I shoot some over? 

@Hani Alomar

Hi all. I was just speaking to a loan officer here in CA about the idea of investing in TX. He mentioned that it's unusually difficult to "pull money out" of an investment property (I believe he meant to refinance) in TX. Can anyone give me an idea if that's in any way accurate?