And those that have contributed to the conversation.

The demand in Greenville, South Carolina, stems from several factors that collectively contribute to its attractiveness as a place to live, work, and play.

I would like the property to have great appreciation and some cash flow to contribute to my retirement in the future.

.)• $4,200 contributed to solo traditional 401, then converted to Roth. 

Very intriguedWill be lurking a bit till I can post a contribution to the community!

I have a two part question for the attorneys in the room.1) Our lender required that my mother be listed on the LLC Operating Agreement at the time of purchase because she contributed funds for our down payment.

My goal is to finalize 2024 ready to do my first deal, and I believe that with the resources and expertise of this community, I can achieve that goal.I am here to listen, learn, and contribute wherever I can.

You'd have to balance time and cash contributions accordingly. 2) Delete 2-3 partners.

@J Shoe I will start by saying consult with a personal attorney and CPA (and have them work together.)Typically people buy in an LLC just to keep their name off the record and for asset protection and operation agreements.As a sole investor a lot of people will buy in their personal name so they can more easily obtain quality financing, and then move the asset into the LLC.A lot of people of California use trusts (DSTs) to hold the asset, so they are not contributing to the problem of over taxation in CA, as CA has a franchise filing fee of $800 every year for each LLC.Just some things to think about, but find the professionals that can tailor a system for you personally.Cheers

Make sure you put discount clauses and subordination verbiage in your offer.Use the Installment down payment clause.A Front Porch clause can be used to completely eliminate the down payment requirement.Write in your offer that seller pays all transfer, contributes X-$'s to you at settlement and that you receive all positive escrows if there is a mortgage to be paid off, and the seller agrees to leave stuff in the house or garage - all furniture, the old car in the garage, tools and garden stuff.