All Forum Posts by: Mehran K.

Was aiming to do it sooner, but the lender wants all my leases to be annual and we've been doing MTM agreements. As the year kicks off, we're going to go through 1by 1 and switch all the leases and I'll get that process started right away.

I hope things are going well Jay!

Welcome to the site @Alex Rodriguez-Parra!

Dawn continues to impress and I think she has set an example for a lot of investors in their local markets on how to operate their business to make a win-win for everyone. 

Glad to have you here!

Sorry about the delayed response @Wendell De Guzman. I agree with everything Brian Burke said about the California market. It has been showing signs of plateauing for a while now. 

The slight increase might give some people a sense of urgency (that were on the fence before) to buy a home before rates go up further, not sure. If they continue to increase, and people aren't making more and more $ to qualify for the higher priced homes, I could see prices dropping a bit. 

I'll continue to buy homes as well. In 2016, I'm planning on blanket refinancing a lot of my balloon loans (5 year balloons) into a 30 year fixed portfolio loan before rates rise higher. Feeling uneasy about the whole balloon/rate increase environment and I want to lock in something fixed :) 

@Ben Leybovich Ah I see. Thanks though :) I'll send a separate PM.

 I really hate when you ask me that question :) Thanks so much Steven. Going to relay this information and some other information to the investors and see what they think about it.

Hi Everyone! It's been a while :) I appreciate any help/responses in advance. I know this is definitely a question to be checked with lawyers/accountants, but it helps to know more before reaching out to them.

A business partner and I are entertaining the thought of bringing in some foreign money to tackle deals here in the US. The only structures I've used in all my LLC's are member-managed because it has always been a 50/50 partnership, so this structure is new to me.

Some details/notes/questions:

1. Current business partner & I already have an LLC together, so likely that LLC will be the managing member.

2. Foreign Investors are Family members of my business partner and we did not solicit them for money, they came to us. With them being family and reaching out to us, would we still have to deal with all the SEC regulations because the investment will be truly passive to them? Just wondering if the family issue changes that.

3. Is there any way to structure the LLC as member managed, but only have certain members have limited rights to vote on "some" things, making it "Active" instead of "passive" to avoid the securities issue, if it is indeed an issue (from question #2). If so, things can be divvied up by ownership percentages and tasks among the different members. Any drawback to this?

4. I was reading the foriegn LLC members need to register for tax ID numbers with the IRS and 35% of profits need to be withheld and taxes be paid on a quarterly basis. That's new to me, anyone have experience with helping foreign investors with this?

Maybe @Ben Leybovich can drop some wisdom from experience with Syndication? Heya Big Ben!

Thanks for sharing this story @Dawn Anastasi :)

@Brie Schmidt Thanks for sharing these tips. I wasn't aware of #1 & #3. They can potentially save a lot of money down the road.

@Brie SchmidtGotta love the Department of Neighborhood Services :)

Thanks for sharing that with us @Dawn Brenengen. Hopefully other investors searching for that information on the site will be able to read that and make informed decisions before investing in a one-shop town!