On paper, it looked brilliant..cheap money, quick turnaround, and a profit projection that made his eyes light up.It taught me that the real risk isn’t just the cost of capital, it’s the predictabilty of your exit strategy.

Unfortunately Good Cause Eviction passed last night in the city of Rochester, NY.I want to thank Council Members Lashay Harris and Michael Patterson for doing the right thing and voting “NO” on this largely performative legislation…that will only TEMPORARILY protect a small handful of city residents living in EXTREME under market rental units…But it will have broad and adverse negative consequences for the WHOLE community.

I have an off market 12 unit on the coast and a 25+ unit Oceanfront in Bandon that would also consider selling..Lastly there is an 80+ unit coastal motel I have my eyes on.

By not putting all your capital into one deal, you protect yourself from major losses and keep your portfolio more resilient.

A FHA 203k Loan is where the purchase price and rehab costs are rolled into a single loan.Assuming you have a respectable FICO you can buy, with a FHA Loan (3-5% down, a 30 year amortization schedule, and a residential loan rate) AND because you closed personally, you will not have Asset Protection, in the form of closing in the name of a LLC/ LLC taxed as an S Corp, or an S Corp.

Keep an eye out as we plan to procure more golf courses and land (farms, ranches, and development) in the future.   

An LLC is useful for two things: anonymity and legal protection.

A lot of people in the current fire area had their insurance canceled lately and are really screwed, Reminds me of Florida and the insurance problem caused by the hurricanes. also thing of the Lahina fire on Maui there was no forest there freak down slope winds and buildings that were built with very dry timber with no fire protection in mind.. this stuff happens.

Staying proactive not only protects your tenants but also safeguards your investment.

@Tar-U-Way Bright Using your LLC for real estate ventures offers legal protection and tax benefits.