We've already collected around 20,000 pre-reservations, equating to approximately $30 to $40 million, and have received hundreds of requests to build individual units.We’ve completed the first unit, which has passed the final county inspection under a residential permit, and are actively working on the second phase.

I'm guessing the management company would collect all rents, pay expenses etc and the individual LLC would just own the real estate.

Partnering with a high salary/low time individual may allow you to scale much faster. 

That is a significant difference.I've read numerous times that investors who don't set enough aside for maintenance and/or big ticket items often get hit hard and go out of business/go broke when big ticket items do pop up.

As a hard money lender who works with many investors in the Portland area, I can share some insights on maintenance costs for multifamily properties in this market, though individual experiences may vary:Lots of investors report a slight decrease in maintenance costs during winter months, bc of:- Fewer landscaping needs - Less wear and tear on HVAC systems (as heating is generally less intensive than summer cooling)- Reduced tenant turnover in winterWinter-specific issues can arise:- Potential roof repairs due to heavy rain or occasional snow- Gutter cleaning and maintenance to prevent water damage- Heating system repairs or maintenancePortland-specific factors:- The mild climate helps reduce extreme weather-related maintenance issues. - Older housing stock in some areas may require more upkeep. - Strict local regulations can also sometimes increase compliance-related maintenance costsCost-saving strategies I've seen help:- Preventative maintenance programs can help reduce overall costs obviously - Some investors report success with in-house maintenance teams for larger portfolios- Energy-efficient upgrades can help reduce utility costs in the long runYour specific costs will depend on factors like the age and condition of your properties, your management style, and the specific neighborhoods you're invested in, but hope this helps!

Hello everyone, I am relatively newer on Bigger Pockets and am looking for advice on LLC structure.I saw in another post a few years back that the general recommendation is to have a series LLC that owns the individual LLC’s.

DON'T BE SCARED AND JUST DO IT- I DON'T CARE IF IT'S YOUR FIRST TIME YOLO (BTW I AM A AGENT MYSELF)I JUST MOVED A PROPERTY (NOT FOR ANOTHER BUT FOR MYSELF THROUGH ASSIGNMENT- MEANING I WAS A INDIVIDUAL WASN'T ACTING ON BEHALF MY RE AGENCY)...OK NOW HERE IS HOW YOU WHOLESALE MARKETED PROPERTIES...1) FIND A PROPERTY- THE COMMENTS ABOVE DIRECT YOU TO DIVERT TO THE OFF MARKET FSBO'S WHICH SHOULD ALSO BE A MAJORITY OF YOUR BUSINESS HOWEVER SHOULD EQUAL OUT TO YOUR ON MARKET PROPERTIES AS WELL.

Right now, we have no marketplace for, and no way of verifying the license and background of the individuals who claim to be contractors on our site. 

Of course both these lessen the net amount available to the borrower at closing.A PRIVATE lender is an individual willing to make a loan secured by real estate.  

Yes, I work for BiggerPockets but I am an individual with my own opinions.