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12 August 2024 | 3 replies
Let's set up a time to chat!
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8 August 2024 | 4 replies
As a result, in a public search, the governor name would be me.If I set up a Wyoming LLC and modify the Operating agreement to have my WA LLC to be 100% owned by my Wyoming LLC, I assume I would still have to list a natural person as the governor of the WA LLC, and my name would still show up there.
12 August 2024 | 22 replies
If you want to connect after just DM me and we can setup a call!
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12 August 2024 | 4 replies
If buying direct you will want to setup an entity in the US that can buy and sell the property.
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12 August 2024 | 1 reply
Good deals (great deals) are WORKED - negotiated, bartered, set up creatively, and necessitate understanding the opposite parties motivations, desires, needs, pressures, etc.
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12 August 2024 | 8 replies
Agreed with @Nathan Gesner and @Paul De LucaI'd also set up keywords alerts here on BP so that you can be notified when an area or topic of interest is mentioned on the forums.This will familiarize you with some frequently asked questions and shorten your learning curve.All the best!
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12 August 2024 | 12 replies
The HELOC can be set up quickly and acts like another bank account, which you can use when needed, and only what is needed.
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14 August 2024 | 84 replies
Hey Travis, can we set up some time to chat?
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12 August 2024 | 6 replies
But per lot it will cost roughly the following:$1,500 Electrical poles, meter installation $2,000 water taps and connections$5,000 grading and land prep$8,000 septic installation (assuming a 1:1 ratio of homes to 1000 gallon septics)$5,000 down payment on each home ($700-750 / thereafter per unit)$21,500 total set up x 17 = $365,000Ongoing expenses after development would look something this for POH model: $12,750 a month in mobile home mortgages (17 x 750 for PITI on each unit) $1,900 a month in land mortgage PITI (house) $3,000 a month landscaping$2,000 a month in reserve emergency fund$2,200 management$21,850 a month total expenses $262,200/yearOngoing incomes after development would look something this for POH model:$27,000/month ($1500 x 18 {17 mobile homes plus house})$324,000/year324k-262,2k = 61,800 net pre-tax profit or $5,150/month.Opportunities to reduce start up expenses: Bulk deals with the government or contractors for doing all the work at once (electrical, water, land grading, septic) Trade free rent for someone to mow and landscape (turning a $3k event into a $650 event every month).
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11 August 2024 | 2 replies
For example, if I have an LLC for my own property management company and would like to work under a brokerage is there any reason my LLC couldn’t be set up as a subsidiary under the brokerage and then break off in a few years.