
23 May 2024 | 9 replies
DSCR doesn't offer any liability or anonymity protection, other than the fact the loan note itself is a form of asset protection (because there is usually little to none equity in the property to take from the owner).Here are some graphical helpers to assist in the quest of answers on this subject:Asset Protection Decision Diagram - to help assess the need for asset protection, and what to implement : https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-decision-diagramAsset Protection Onion Diagram - what, when and at what cost one should implement in terms of asset protection - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-onion-diagram-v2What is needed for complete asset protection OR the domains that need to be intersected to find asset protection

24 May 2024 | 17 replies
You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.

23 May 2024 | 2 replies
In the end, it's your decision based on your comfort level.If I (my risk profile) were you, based solely on what is above, I would not go for the 3rd property at this point.

23 May 2024 | 6 replies
So beyond that I don’t know what I’m doing or how to structure it properly, or what the tax implications are going to be… I didn’t do my due diligence and research, so I’m thinking I kind of made a bad decision by jumping into it…

21 May 2024 | 19 replies
Many agents are lazy and do not take the time to add photos that illustrate unique characteristics, incorrectly add the unit numbers, bedroom count, or fail to verify the square footage that could be greater than the public records the MLS autopopulates. 4, Many MLS properties are listed under the incorrect categories (multi-family under the residential section, multi-family under commercial etc.).

23 May 2024 | 5 replies
Balancing these factors is crucial in making your decision.

22 May 2024 | 3 replies
Is there anything else I should be considering when trying to analyze this to make sure it’s a wise decision?

23 May 2024 | 10 replies
Do your research, for sure, find a solid real estate agent that knows the ins and outs of what you want to do, run some numbers ... but then make a decision.

23 May 2024 | 43 replies
@Alexander MerrittYour original question was great and the replies you are getting from folks on here are amazing as well, but it sounds like you are trying to convince them of a decision you've already made.

23 May 2024 | 16 replies
I wish you the best of luck in your decision!