All Forum Posts by: Polar Prutaseranee

Welcome to the club. Let me know if there's anything I can help you with. I'm an investor that focuses in orange and LA county. 

A new LLC for each property seems a bit much for me, but it really depends on how much you want to protect. For most people, using a single LLC for a few homes is fine, but for some they prefer to protect each asset on it's own. To each their own, I suppose.

I doubt it's a deal breaker but they're very nice to have. Having said that we decided to take them out in our flip. Wanted them but in the end we took it out since we were nearing our budget. 

POF - proof of funds

REI - real estate investor

I think I've seen some sights that show the acronyms but can't seem to find right now. Here's a list of the basics. 

ARV - after repair value

LTV - loan to ratio

MAO - maximum allowed offer

HML - hard money lender

DOM - days on market

ROI - return on investment

Not a long list but something to start you off

Welcome. Search the forums and you'll learn a lot there to begin with. 

Didn't see it..but maybe if I had just gone outside. Le sigh.

I would take it. DOM seems high and no other offers. Some profit is better than none. 

Welcome to the clan

Whoa. Looks great. Congrats!