All Forum Posts by: Michael Esselman

Would appreciate insight on the following situation: LLC holds long term rental RE managed by a property manager. If the LLC is Manager Manged by 2 of the 6 members are those 2 members now subject to SE tax? Been scratching my head on this one. Thanks.

Each building is on it's own parcel. Based on the responses, it sounds like this is the key if it is even possible to go 4 conventional vs. commercial. Useful to know, thanks everyone.

Looking at property that is comprised of 16 units total but in 4 buildings with 4 units each. For financing purposes would it be better to try for one commercial or work to get the seller to structure the deal so each building is "sold" separately? I've not other outstanding loans except a personal residence and have enough to cover a 30% downpayment if needed. Thanks.

Greetings all!

My name is Michael and currently live in Orange County California. I learned of the BiggerPockets website through the podcast and ready to learn even more.

I'm looking to obtain a my first investment properties in the coming months and although I live in Cal I'm focused on NC and SC. I'm from that area and hope to return one day.

If anyone knows of a great property manager in Columbia, SC I'd love to hear about them.

Looking forward to making something happen!