All Forum Posts by: Raul Reutov

I know this is an old thread, I just had a follow-up question to add in.

Is there a way to get builders and inspectors (or other professionals) to create some document of the rough date that a house was built (i.e. the type of build methods and material used can determine the year of the house)? This document then can be later used to "prove" that the house was build in some year.

I'm just stuck in a predicament where if the house is older than 1978, it can have lead. If it is built after, there should be no lead and no lead disclosure. 

Thank you!

Hi BP,

I am just about to be done with the initial learning phase of my real estate investing education and had a question about leverage.

In the book "The Book on Rental Property Investing" by Brandon Turner, as well as in numerous podcasts, say that leverage will help you protect your assets, along with insurance. 

I am thinking about waiting to get an LLC and only getting one formed down the road. "Down the road" being when I have enough assets and Net Worth.

Questions:

At what Net Worth should I get an LLC formed?

At what equity amount do Lawyers tend to pursue suing on? 

Does this add up across all of the properties you have under you, or does it only matter for the properties individually?

A More specific question based on the questions above: 

Which properties will a lawyer pursue in a lawsuit?

     * Property A - has $10k in equity

     * Property B - has $20k in equity

     * Property C - has $40k in equity

     * Property D - has $100k in equity

Thanks for your help!