All Forum Posts by: John Thedford

Purpose of the LLC? If for asset protection, a single member LLC has ZERO protection.

for buy and hold?

I had a tenant that skipped on the rent. They had a high credit score over 800. I filed suit and he found the money to pay me! It is amazing what a lawsuit can accomplish in a situation like that. If your three tenants care about their credit and reputation, a lawsuit against all three of them might accomplish your goal.

I would consider one LLC for them. Keep in mind that if a single member LLC, there is really no asset protection. Another downside is financing. You may run into issues if they are in any entity. I would talk to your CPA before I made any move.

I just purchased one that was owner carry. Seller wanted it gone ASAP. Terms were good. I don't think these deals happen often though. 

Cape Coral is banging hot. Rents through the roof. Strong appreciation. 

Devastating! Makes no sense the tenant will not sign. Criminal? Absolutely!

Interesting idea but I don't think it would work. 

One of the smartest agents/investor I have ever met tell his class:
""There is NEVER a bad time to buy, only to sell"

And the man that used this phrase is on your coast.

I am in the same boat. I am finding it tough to get customers. Where are you located? I am in SW Florida.