Hello, BiggerPockets members!

From a practical viewpoint, I wouldn’t think the lender would accelerate the note, if the LLC were a single member LLC, you were that member, and it was treated as a “disregarded” entity for tax purposes.  

Hi all - I've been in the CRE and SFR investment space for 25+ years primarily investing institutional capital.  Just started our own firm investing in and managing property in our relatively new (~5 years now) home i...

This is funny and cool to one side until members of that side get impacted.

Upon BP member recommendations, my husband got his real estate license which now helps increase our access and decrease our transaction costs.

Can you please adviseThanks As an investor a crucial member to your investment team should be a great attorney.   

All IRA-related transactions must be "arm's length", in other words, IRA can't get involved in any transaction with yourself, your immediate family members or any entities these individuals own or control. 

Since fix-and-flip income is classified as active income, taxed at ordinary rates, this setup helps minimize overall tax liability.To protect both members, draft a detailed operating agreement outlining roles, ownership percentages, profit-sharing, and an exit strategy in case the business dissolves.

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Then you have the Masterminds that cost 10 to 30k per year to be a member and those have folks in the trades and in the bizz  name brand gurus we all recognize..