@Tanya Maslach For properties in Ohio, it’s simpler to form an LLC in Ohio rather than Colorado, as it avoids registering as a foreign LLC and reduces costs and administrative work.

I’ve personally helped folks navigate 1031 exchanges in Phoenix, rolling their gains from one property into something bigger and more strategically placed.

They explained that Fannie Mae (according to an exchange with their Servicing Portfolio Manager at Fannie Mae for a similar but not an exact loan) does not allow PMI removal for improvements already included in the original loan’s scope until after a two-year seasoning period

So, if you create an LLC in another state, you will likely need to register it as a foreign LLC in California.

I specialize in getting foreign investors started in Dubai and work with seasoned local companies who handle everything from start to finish.

I am a new investor so I'm willing to put in time equity in exchange for knowledge and experience.

I wonder if your borrower’s lawyer explained that if they move their LLC, they must still register as a foreign entity in the state where the property is located to defend against any actions you might bring.

Greetings, finding a business/real estate lawyer that will actually return calls or emails has been taxing so I decided to post here to get the advice from all the gurus. Spouse and I are small time real estate invest...

This will allow you to take advantage of the Section 121 exclusion and you could do a 1031 exchange into the new property.

I’ve done one 1031 exchange in 25 years, I own every other investment property I’ve purchase in 25 years.