All Forum Posts by: Derek Taylor

Hello,

My wife is a graduate student who received a surplus from her student loan. Is it acceptable or illegal to use those funds as down payment on a financed property, even FHA?

I appreciate your insight, thank you!

@James Wise I'm looking to build a 100 SFR portfolio over 10 years. I plan to finance through local portfolio lenders who are business (LLC) friendly. I don't believe traditional financing would allow me to reach my goals.

@Jerry W. That makes sense about registering in each state you operate in. I realize the series LLC is relatively new and may not be honored in non-series states. Is the series LLC backwards compatible? So that if a state rejected series protection, the basic LLC would still reduce liability out of state?

I'd like to buy 100 residential homes in both Texas and Florida. Is it possible that Texas would honor my series LLC while Florida recognizes it as nothing more than a basic LLC? Or could Florida disregard it entirely as if there were no veil at all?

Thanks so much for your insights! I fully understand now. Cheers.

Hello! 

I'm interested in using a Series LLC to isolate my real estate assets from each other. Given that I live in Texas, would it be possible to place both Texas and Florida turnkey assets in my Series LLC, for example?

How have you used LLC's to minimize turnkey asset liability? Thanks!

​Greetings! I'm a beginner investor and am confused about how mortgages correlate to net worth. If I buy an asset for $200,000 with 20% down, I'm financing $160,000 (aka, the mortgage). My asset is obviously 200k, but do I list my liability as 160k even though that number doesn't include the interest? With 4% interest, my 30 year fixed 160k mortgage is actually a 275k liability. Does this mean I'm negative 75k in the red even with my 20% equity? This doesn't seem practical. Are mortgage liabilities only shown as the principle then so that the asset is above water? Thank you kindly for your wisdom!