This is purely about your appetite for risk.

Pros and Cons to both sides of the coin - I say find a place you know well (or have people there you trust) and develop a strategy that matches your appetite for risk vs reward! 

I personally think a series LLC is excessive but it’s all about how risk tolerant you are.Also having a llc for a property management company might just complicate things unless you have a decent size portfolio and are charging overhead and profit on repairs.As far as taking distributions, whether you take a distribution from one LLC or the other shouldn’t matter, but I’m an accountant so it’s easy for me to track.That said, from my understanding having a series llc like that really puts an emphasis on separate financial statements which it may be easier to structure distributions from one entity if you don’t have an accounting background.Either way, taxes don’t sound fun lol.

Hello all.As I was preparing my tax returns, I realized my 2019 AGI exceeds the IRS income limits for full contributions to a Roth IRA, which carries a 6% penalty for every year the excess along with its corresponding return are left in the account. 

Hello all.As I was preparing my tax returns, I realized my 2019 AGI exceeds the IRS income limits for full contributions to a Roth IRA, which carries a 6% penalty for every year the excess along with its corresponding return are left in the account.

Pick up the phone, call them, ask to speak to their loans department and ask them what their appetite is for doing HELOC's on non-owner occupied small multifamily.

They will approve houses there but because of issues they are extremely strict (to the point of being excessive) its one of the 3 highest crime streets in the entire zip.

Pick up the phone, call them, ask to speak to their loans department and ask them what their appetite is for doing HELOC's on non-owner occupied small multifamily. 

Generally speaking you need a net work in excess of $1,000,000 but there is more to it than that.

I'm wondering what course of action I can take as I really feel that this is excessive fee.