LOLOkay, buy the lien at a discount, some might go at ten cents on the dollar, keep it active, collect later with interest.

Also, my brokerage has a handful of investor clients that actively run MTRs and STRs in the area. 

I'm still actively searching for a solid contractor as I eye a BRRRR in early to mid 2025

Purchasing the LLC gives you ownership of the property, but it also opens you up to additional legal exposure since the entity has been active, and there is no way to really know for sure what else they used the LLC for.

Search for the BP podcast episode with Jude Bernard - he is very active in NYC.

Hi guys, I have some questions about putting property into LLCs/protecting assets, any information is greatly appreciated: Question 1: my understanding is that an LLC needs to be actively conducting business in its registered state in order for the LLC protections to apply, otherwise a judge could potentially pierce the corporate veil.

I'm going to follow this to see what tips folks provide.MikeHey Mike, I am actively investing there so feel free to reach out with any questions!   

Curious because my son is an agent but is not active.

This doesn't necessarily mean just an investor, but somebody who active works in the space and puts in at least 700 hours of work into it per year. 

If you invest in RE, whether active or passive(management team, syndications, crowdfunding), I'd love the chance to quickly explain the structure and hear your thoughts on what might need to be improved.