All Forum Posts by: Ron Alexander

Hi everyone,

I've seen a few topics about this already but not so recent,I am in the process to acquire a land with Multifamily Zoning configuration,

I am looking for builders that does this in Florida,I could try to search for a land close to a good builders if I feel this worth it,

My idea would be to build new units 2/3 or 4 units all on the same level (the number will depend on size lot and what I am allowed to build on it) I am looking for the most basic building, this will be starter price in terms of rent and eventually in distressed area,

If you have real contacts of builder I would be interested,

All the best

Well I post the same question in another thread,not sure what states you're from? I'm in Fl and it seems a unique member llc wouldnt be useful.. only had a couple advise from people but it doesnt seem to be crystal clear though.. but most likely not too useful from what I've been told 

humm,very interesting,I never got a clear answer like that.. it makes me wonder how so many people can keep claiming differently then, would be curious to hear them, thank you John Helpful

All the best
 

It seems this is not a clear subject.. it seems some people say yes and some no, but your answer comforts my thoughts, but I am pretty sure some people will come up and debate that it can be useful, really not that easy to understand..

I am just afraid this won't be enough,Let's say in one year the buyer of property A I sold the house to try to sue me for whatever reasons defect in the house or other,I want to be sure he can't access property B in worst case scenario scheme

Hi John,sorry about this but I'm from Europe and my English is not always perfect, could you pleas elaborate? do you mean single member llc are useless if involved into a lawsuit? 

Hello everyone,

I am sure this have been said before but I really wanted to get details on a few personal request about it,

I do have an investment house I bought 3 months ago (A), I am going to flip it very soon (it is on my personal name)

I am looking to buy another home (B) this week that I am going to flip as well,

My question is that I want obviously to separate the assets and get a good protection so any eventual problems that happens on A cant affect B

I do have an LLC which is inactive because I never really used and opened it a few years ago thinking I would use it but didn't at the time, ok now lets say that I reactivate this LLC,and want to purchase property B with it, what should I do in order to get the right protection,I mean I 've heard that it needs to be linked to a separate bank account,payed for taxes, work being done to the house etc only with money from the account linked to the LLC,but my question is? what do I have to do, just go to my bank and ask top open another account for the LLC?how do I fund this account in order to buy the property?If I wire from my personal bank account into this new account wouldn't this remove all the benefits of an LLC?I will be the only member,Is this how it works? many thanks!

PS : ALSO WOULD YOU REACTIVATE AN OLD NEVER USED LLC OR CREATE A NEW ONE ? I was thinking it would be better for credit history to have an llc that was created a few years ago even if it never was used, maybe I'm wrong

Hello everyone,

I am sure this have been said before but I really wanted to get details on a few personal request about it,

I do have an investment house I bought 3 months ago (A), I am going to flip it very soon (it is on my personal name)

I am looking to buy another home (B) this week that I am going to flip as well,

My question is that I want obviously to separate the assets and get a good protection so any eventual problems that happens on A cant affect B

I do have an LLC which is inactive because I never really used and opened it a few years ago thinking I would use it but didn't at the time, ok now lets say that I reactivate this LLC,and want to purchase property B with it, what should I do in order to get the right protection,I mean I 've heard that it needs to be linked to a separate bank account,payed for taxes, work being done to the house etc only with money from the account linked to the LLC,but my question is? what do I have to do, just go to my bank and ask top open another account for the LLC?how do I fund this account in order to buy the property?If I wire from my personal bank account into this new account wouldn't this remove all the benefits of an LLC?I will be the only member,Is this how it works? many thanks!

PS : ALSO WOULD YOU REACTIVATE AN OLD NEVER USED LLC OR CREATE A NEW ONE ? I was thinking it would be better for credit history to have an llc that was created a few years ago even if it never was used, maybe I'm wrong

Hello everyone,

I am sure this have been said before but I really wanted to get details on a few personal request about it,

I do have an investment house I bought 3 months ago (A), I am going to flip it very soon (it is on my personal name)

I am looking to buy another home (B) this week that I am going to flip as well, 

My question is that I want obviously to separate the assets and get a good protection so any eventual problems that happens on A cant affect B

I do have an LLC which is inactive because I never really used and opened it a few years ago thinking I would use it but didn't at the time, ok now lets say that I reactivate this LLC,and want to purchase property B with it, what should I do in order to get the right protection,I mean I 've heard that it needs to be linked to a separate bank account,payed for taxes, work being done to the house etc only with money from the account linked to the LLC,but my question is? what do I have to do, just go to my bank and ask top open another account for the LLC?how do I fund this account in order to buy the property?If I wire from my personal bank account into this new account wouldn't this remove all the benefits of an LLC?I will be the only member,Is this how it works? many thanks!

PS : ALSO WOULD YOU REACTIVATE AN OLD NEVER USED LLC OR CREATE A NEW ONE ? I was thinking it would be better for credit history to have an llc that was created a few years ago even if it never was used, maybe I'm wrong

 Thank you for another response.. but if I resell it on February 1st what would happen normally?

also would there be a way to be forced to pay the full year even though you owned the property for 1months or similar depending on when you buy and when you resale into the calendar?

All the best