
19 May 2022 | 12 replies
@Vishnusai Yoganand- thanks for the outline ....you are covering a wide spectrum .....1) with the prices in the KING/ SNOH/ PIERCE region being hih - you are right in that it will be more difficult to aceive the cash flow you want 2) if you are loking at purchasing a 1-4 unit rental - most of these transactions can have " regular " resedential loans used......anything larger than a 4 plex will liekly require a commercial loan ....these are very different loans 3) I would recommend getting pre approved for a hypothetical scenario ( eg. 5 plex purchase for 700K ) so you can become familair / aware of the fees and current loan terms and also to make sure you can be approved for what you may need ......I would also recommend location a commercial lender that can essentially do the same thing for you on a hypotehtical commercial property purchase 4) 100k-150k may not go very far if you are buying a comm property or a 3-4 plex as these requie large down payments

25 December 2019 | 12 replies
The easiest way a lawyer can pierce your LLC is if you don't follow compliance measures outlined in your operating agreement.

2 February 2021 | 2 replies
Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.Any lawsuits would be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced).
7 March 2019 | 14 replies
Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.Any lawsuits would be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced).

2 March 2023 | 14 replies
That is called piercing the vail.

10 January 2022 | 3 replies
I’ve worked with alot of clients in the Tacoma/ pierce county area.

14 October 2020 | 8 replies
If you are looking to invest in King, Pierce, Thurston, Snohomish, or evening Lewis county you will struggle to find a home that fits the 1% rule.

13 March 2023 | 6 replies
A lot of landlords are advised to put their properties in the name of an LLC for asset protection.While this is basically true, the reality isn’t what most landlords think.If a legal issue occurs with your property resulting in a lawsuit, there’s a decent chance the plaintiff’s attorney will be successful in “piercing the corporate veil” of your LLC if you were sloppy and being able to sue you directly.

14 December 2018 | 3 replies
Not only is this a job for a professional (especially in light of last year's tax law), but you appear to be piercing the veil of your LLC by putting the rent money directly into your personal account.

9 January 2019 | 32 replies
Co-mingling personal and LLC funds is one of the most sure-fire ways to "pierce the veil" of an LCC and compromise your asset protection.Regarding the mortgages, there is a chance that the bank could invoke the "due on sale clause" since you moved the titles under your LLC.