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5 May 2019 | 10 replies
The LLC isn’t to protect your rental property (that’s what insurance is for); the LLC is to isolate your property so if you get sued no one can touch your OTHER assets that aren’t in the LLC.If you have valuable other assets (bank accts, stocks, bonds, brokerage accts, 401k, other houses, etc), then it’s worth considering an LLC for the rental property so if something happens & you’re sued, the lawsuit is isolated to just the LLC & not your personal assets (if done properly).
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22 May 2019 | 18 replies
Seen a very few isolated properties sell at high 6's.
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30 June 2019 | 6 replies
I wouldn't worry about this one.It was likely an isolated incident and you don't know the whole story.I would ask him about it.
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8 July 2019 | 29 replies
The LLC isn’t to protect your rental property (that’s what insurance is for); the LLC is to isolate your property so if you get sued no one can touch your OTHER assets that aren’t in the LLC.If you have valuable other assets (bank accts, stocks, bonds, brokerage accts, 401k, other houses, etc), then it’s worth considering an LLC for the rental property so if something happens & you’re sued, the lawsuit is isolated to just the LLC & not your personal assets (if done properly).
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13 September 2019 | 11 replies
Safe'n'Sound is not much better than r19 fiberglass, but costs much more.I am using this for soundproofing between floors on one of my new builds:r19 fiberglass between joistssound isolation clipshat channel5/8 Type X drywall everywhere (you want mass, don't use lightweight).3/8 rubber underlayment on second flooracoustical sealant around edges of first floor ceiling.These upgrades should cost about $2/sqft of ceiling area.
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2 October 2019 | 47 replies
@Derrick Umphlett 4-5% sounds really crappy but you should never use any one measure in isolation to evaluate the return on your investment.
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4 September 2019 | 58 replies
All power was immediately shut off while we isolated the bad circuits, which were kept off until rewired.I just don't understand why they did it, since it was a whole lot more work than just running all new wire, and they didn't save five bucks on the wire.
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29 May 2011 | 13 replies
Also on more expensive properties (or commercial) I form a different LLC for each property - that way you isolate any issues and liabilities to that one property and it will not affect your whole real estate business, in case you run into lawsuits pertaining to that property.LLC are easier to form and manage.
17 July 2011 | 10 replies
If your fiance needs a quite, isolated environment, maybe you need to be in an area where there is more space.
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9 February 2009 | 5 replies
One reason why I wanted to specialize in smaller multifamily deals was to be able to better isolate my investments rather than have to operate on a volume basis.