All Forum Posts by: Matt B.

Yes, they do it all! They have an app, scan your mail, forward mail, and will even deposit checks (forward/mail to your bank). One feature I love, is the Dropbox integration. It will scan and send everything directly to your Dropbox which streamlines the process tremendously for me.

Oh wow ... impressive

What plan are you on? $$$

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Originally posted by @Danielle Jackson:

Agree with @John Warren. Traveling Mailbox is a great value.

I appreciate the input Danielle ...

I see some of these virtual mailbox companies have an app and you can see what mail has been received on the app, while others allow mail forwarding ... are you utilizing any of this or just using the physical address for your LLC paperwork to be delivered?

Please share any features that you like that I may have overlooked

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Originally posted by @Steve Vaughan:

Originally posted by @Matt B.:

Originally posted by @Joe Splitrock:

Originally posted by @Matt B.:

We are going to buy a home that has a carriage house (on the parcel) and I was curious how I could firewall the liability if something were to happen in the onsite rental ....

I would assume I cannot place the building itself into an LLC, and if I put the whole property into an LLC that would defeat the purpose, for the most part ...

Living on or in the property makes it very difficult to shield yourself from liability. If both buildings are on the same deed, you will need to put them both into an LLC. Do you have much equity in the property or high net worth? If the answer to both is no, then an LLC is probably just extra hassle for little benefit.

Thats the nature of my struggle ... i want to firewall it but wasn't sure if there was an efficient way to do so.

We have a rental attached to our primary (luxury househacking) and just max the liability on our homeowner's policy. I think it's $500,000. We also have an umbrella policy.

I've had dozens of rentals for 18 years with no problems. Act above board, don't get chinzy with security deposit refunds and maxing liability amounts has worked for me with residential property.

I also have a mgmt co or holding entity that renters sign leases with and make rent payable to. That may be something to consider.

Good intel, there. Thank you. I was thinking I could likely set up an LLC and that essentially be the PM for the property and the tenant sign the lease through the LLC (aka PM entity) and not myself ... but I wasnt sure how that would shake out tax wise

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I have had a couple of addresses over the years and usually I have used UPS, but lately I have seen a lot of virtual option popping up ... earthmail ... regus ... digital mailroom ... there seem to be quite a few.

Would anyone have feedback on the best route to go? I don't need a complete virtual assistant, just a street address and box.

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Originally posted by @Joe Splitrock:

Originally posted by @Matt B.:

We are going to buy a home that has a carriage house (on the parcel) and I was curious how I could firewall the liability if something were to happen in the onsite rental ....

I would assume I cannot place the building itself into an LLC, and if I put the whole property into an LLC that would defeat the purpose, for the most part ...

Thats the nature of my struggle ... i want to firewall it but wasn't sure if there was an efficient way to do so.

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We are going to buy a home that has a carriage house (on the parcel) and I was curious how I could firewall the liability if something were to happen in the onsite rental ....

I would assume I cannot place the building itself into an LLC, and if I put the whole property into an LLC that would defeat the purpose, for the most part ...

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Where are you finding 10+ caps? Are you looking at smaller rural deals?

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Originally posted by @Danny Randazzo:

@Jason Appel I’ve got a few video links I can send you if you message me.

Nice! Sending you a message now ...

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Originally posted by @John Blanton:

I like the Synthesis Deal Analyzer from Chris Jackson at Sharpline Equity. Many folks really like the Syndication Deal Analyzer from Michael Blank. Depending on your equity structure you can play with the GP/LP equity. If you are just looking to purchase solo take all the fees to 0% and LP equity % to 0 as well.

Good luck!

Is the spreadsheet from Chris a simple version?

I am looking for a basic Back of Napkin version that doesn't get too deep into the weeds initially

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All Forum Posts by: Matt B.

Matt B. has started 13 posts and replied 76 times.

Post: Best "Virtual" Mailbox for LLC?

Post: Best "Virtual" Mailbox for LLC?

Post: Best "Virtual" Mailbox for LLC?

Post: Is There a Way to Put a Carriage House in an LLC?

Post: Best "Virtual" Mailbox for LLC?

Post: Is There a Way to Put a Carriage House in an LLC?

Post: Is There a Way to Put a Carriage House in an LLC?

Post: Aquiring commercial multifamilies

Post: Multifamily underwriting program

Post: Multifamily underwriting program