All Forum Posts by: Loren Souers

@Aristotle Kumpis Good info. Thanks for your comments. 

Why should the property be put into an LLC before into the trust? Please elaborate.

@Lorraine Hadden Thanks for the info. A bit more information. The trust has already been set up for estate planning and we are beginning to fund the trust. So the setup isn't and issue. The trust preparer suggested we put our rental properties into the trust as they are currently owned personally. 

I have considered the LLC and will likely put the properties into the LLC once I own a few more properties. At this point, I guess I wonder if its better to put it in the trust for the time being or leave it out for now. Are there problems with removing a property from a trust when that time comes?

Thanks for your input. 

My wife and I have created a revocable trust, and I am wondering if I should be putting our rental property into this along with the rest of our assets. It's a duplex and the first of our rental properties. I am unlikely to put it into a LLC at this current time. I am also renovating a triplex right now and it would probably need to go in the trust as well. Any help is appreciated.

@Drew Sygit. I have heard that before on the podcasts but kind of forgot about that tip. Thanks for the reminder. 

I am currently on the hunt for investor friendly contractors as I grow my flipping business. I am located in southwest Michigan - Kalamazoo area but I am working in the greater Kalamazoo area. Please contact me if interested. 

@Eric M. That definitely piques my interest. Lets chat. 

Hi all! I am currently investing in southwest Michigan and also live in the area. I am looking for other like minded people to work with on flips, buy and holds, etc. I already have a great amount of experience but need the other half of the equation. Located in Kalamazoo, Portage, or even Grand Rapids. 

Please contact me if interested. 

@Christian Styles

All great options! I will see what the UPS and virtual mailboxes are offering. Any suggestions on the virtual side? 

I am currently working out of my home. I am sending mailers, but would rather not list my personal residence or use a PO box. What services are offered to have a real address for mail and potentially mail forwarding. 

@Matt Devincenzo Good suggestions. I hadnt even considered the baluster idea but that makes sense. Thanks!