All Forum Posts by: Pancham G.

@Kim Annello

 Looks like you have pretty much covered everything. I am no expert but to me I would look at it this way:

Cashflow from per unit in duplex is about 230/mo and from SFH is 240/mo. Only 10$ difference i.e. $120/year. Amount of capital needed is much less than double for the duplex. Its $230k for duplex vs $163k for SFH. I am assuming that you have factored in the closing cost for duplex vs SFH.

All things being equal, if capital is not an issue and you can afford it, I would go with Duplex. You do have to keep in mind the area differences. 

I would love to see what other have to say..

Thanks @Adrian S. 

@Seth Kitchka: there is a way to still have the properties under LLC if you have a mortgage on them. To prevent "due on sale clause", you have to create a land trust and have the property owned by it. Then you make the LLC as the owner of the land trust. This way you have the asset protection. The downside is the cost. Its not cheap to create one. Again i am not a lawyer and this is just something that I was told by a professional lawyer. I haven't vetted it out myself.

@Adrian Smude I spoke to a couple of attorneys. Everyone suggested to get started now (as you would expect) but instead of going for a complicated structure they said you can start small. So, I am going to open an LLC (this is what he suggested based on my situation) and take it from there...

@Adrian: I am in the very similar situation as you are in. I am talking to a few attorneys this week as well. We can exchange notes on our findings. 

Hi guys... I recently joined BP and was thinking of joining LI REIA too. I won't be able to make it to today's meeting. I have two investment properties and looking to expand, it would be great to network with you guys. Congrats on ur first deal!