If you and your partner are in it for a long term buy and hold option I would recommend purchasing homes in your personal name then quitclaiming to an LLC.

If you are sued the person who gets your money and your property won’t care how you were holding it.

Keep in mind that if issues arise and you decide to sue someone, it may be more challenging to take legal action against the wholesaler and hold them accountable for their actions.

It wasn’t just rich people that got screwed by Morris Invest/ Oceanpointe I’m sure a lot of regular people got taken also. 

If you could stomach the negative cashflow or get creative holding is not bad.

I currently have two long-term holds near Marywood University. 

Once I got over the idea of giving up my low rate, it made a ton of sense.In my opinion, letting the equity just sit there isn’t justified by holding onto a low rate.

Investment Info:Other buy & hold investment.

Why type of price point are you looking, what anticipated ROI/cash flow, how much time do you want to be involved in, what is your risk threshold, how long do you plan to hold the property, are you looking to invest locally or open to exploring other markets, etc.? 

Hey @Ana Mills, this ultimately depends on what your current portfolio looks like, your entity structure, and your plans to scale or not.If you have a few STRs and no plans to grow, it's beneficial to have separate bank accounts and credit cards for each property.If you plan to scale to 10+ properties and hold each property within it's own entity, maybe just a checking account per entity and keep some credit cards at the holding company level.