If you're planning to continue growing your portfolio, having an LLC is never a bad idea for that extra layer of protection.Regarding your decision between a HELOC and a DSCR loan, it’s essential to weigh how both options fit into your long-term goals.

For tax purposes, the IRS sees you and your LLC as the same entity, so transferring the title to your personal name typically wouldn’t affect the 1031 exchange deferral.However, to maintain the tax benefits associated with the 1031 exchange, it’s important to ensure that the property remains a rental and continues to be used for business purposes.

I've kept in touch with a number of attendees and we continue to hold each other accountable on our investment endeavors that we spoke about almost 9 months ago.

If the only option for a potential buyer is to continue operating as is, that’s going to really limit your options. 

Seller shall furnish a copy of a prior owner's policy of title insurance or other evidence of title and pay fees for: (A) a continuation or update of such title evidence, which is acceptable to Buyer's title insurance underwriter for reissue of coverage; (B) tax search; and (C) municipal lien search.

Hi Mike, First off welcome and house hacking continues to be a great way to get started in REI.

Continue to educate yourself through books, podcasts, and forums.Good luck!

The entity will be assumed to be legally separate from any other entity or a person with control of that entity UNLESS a plaintiff can establish evidence of a CONTINUAL disregard for the entity as separate.  

There are 3 levels10k investment. 50/50 spilt on profits20k investment. 70/30 split30k investment . 90/10 spiltIf you want to continue after 12 months, the spilt is negotiable. 

I have been lucky enough to continue to be chosen to lead the company by our investors.