@Suhaib - For me, the biggest driver is the ability to increase rents for a particular building/property and then investigating what it would take to get the rents to that level.

Hi Everyone,Currently working through a BRRRR and wanted to get your thoughts on whether I should invest in floor leveling and lifting?

Individual LLC, Parent/Child LLC, Trusts, etc.

The attorney can assist with drafting the documents and recording the mortgage/deed of trust. 

Would you stick with the bank  (have kept the communication going with my contact on what i'm working on, high level is 25% in, 9% rate amoritzed 15 currently but I think they would do 20 and also includes construction phase but not sure yet on when it would switch to p&i) and go that route or would bringing in a cash partner (friend/family, have multiple people interested) be something to consider?

To pencil out whether a deal is good I work at a high level and have maybe a 15-25 tasks and to actually manage the work once I buy a property I might have a a couple hundred tasks depending on the complexity of the job. 

We specialize in working with REO, real estate agents & brokers, institutional & private investors, and homeowners, offering solutions that meet the unique needs of each project.At Nuovo, our core values are at the heart of everything we do:Vulnerability: We maintain open lines of communication, ensuring transparency throughout every project.Integrity: We approach every task with honesty and a commitment to doing the right thing.Innovation: We constantly seek new ways to improve processes and outcomes.Adaptability: We embrace change and are always ready to adjust to meet client needs.We believe in creating a fun, open, and trusting environment, both within our team and in our client relationships.

And I feel this book took my personal due diligence (and how I look at deals) to the next level.

What MAY make sense is to setup a Master LLC that operates like a PMC and collects all your rents, pays all your property-related expenses, etc.The owner of each property (you, LLC, trust, IRA, ect.) would have to execute a management contract with the Master LLC, so the Master LLC could legally act on behalf of the property owner(s).Check with Account Closed read our 

Typically, you’ll need a promissory note (outlining the loan terms, interest rate, repayment schedule, etc.) and either a deed of trust or mortgage to secure your interest in the property.