All Forum Posts by: Paola P.

Hi Everyone! - Does anyone have any recommendations for eviction lawyers who work in Northeast Florida?

Thank you very much. I would appreciate it! 

Hello,

I would like to create two LLCs for two different properties and put them under a Holding company, the two properties are located in Florida.  I would prefer to work with a professional since we are a 4 investors, 2 internationals (my parents) and 2 American residents  and I don’t want to make mistakes. Any advise or recommendation will be highly appreciated! Thank you 

Thank you, @aleksandra and @eliott. My main purpose is to buy properties, save the cash flow, and re-invest that cash to buy more properties. I am planning on investing in this long-term project with a partner. We would like to start with a single-family house and keep expanding from it. Probably 2 houses per year (that's the plan, but It might change). I have read and heard that putting each property on a different LLC will protect you from any lawsuit (in case there is one) and also help you reduce taxes.

The house I mentioned could potentially be my first house. Any advice and help are welcomed! 

Thank you 

Thank you for your reply @aleksandar! I would like to separate the business from my personal finances, as well as get some tax benefits since my plan is to invest with a partner. 

But based on your response, can I just transfer the property to the LLC later and get the mortgage under the LLC's name?

Thanks  

Dear group,
I am a newbie in this group but I have read some of your posts and I found them very helpful. 

I found a great family house and I would like to start my Investments in real state with it. I was wondering if I need to create an LLC before buying the house, or after it?… the question is basically because I talked to my bank and they told that since the LLC will be new and doesn't have any financial history they can't lend my any money on it. But if I get the loan under my name and then transfer it to an LLC, I'm afraid the bank can ask for the full amount of money on the loan. Does anyone have an advice on this? I really appreciate it.

Ps: if you have suggestions on what could be the best banks to work with or lawyers in this area I would appreciate it as well!!

thank you again :)