California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.

Since January of this year, our team has assisted seven clients obtain Oregon Coast vacation rental eligible properties ranging in value from $575k-$1.5M All have live and active vacation rentals, the majority have performed above and beyond our initial projections and Pro Forma's. 

you dont necessarily have to have a business account, you can open a personal checking account and use it solely for your business. these accounts typically have no fees. by opening an account, you can start to form a relationship with that bank.

Just a quick visual scan...when I see the 3 big numbers in boxes (purchas, pro forma, anticipated) I immediately go..."

In that scenario, it can be beneficial to form a LLC within the plan to hold the real estate and segregate that from the non-risk assets.Not so much in Oregon, but in other states we see a big push for the series LLC concept. 

This is why it is so difficult to find a developer with a real track record to teach and provide the pro forma workbooks and tools needed to someone who really wants to get into the game.It's also the reason that I have elected to spend the rest of my time on teaching and providing the tools they need. 

The cap rates (actual and pro-forma) are about double what one can get right now in the Greater Boston area where i have my entire portfolio.

This means both of you would be on the property title and share responsibilities and profits accordingly.Limited Partnership or LLC: You might form a limited partnership or a Limited Liability Company (LLC) where your friend contributes the capital (as a silent partner) and you handle the operations and management.

., a loan that’s secured by collateral but you’re not personally liable) which allows you to minimize risk to your personal assets and finances.Potential downsides of forming an LLCNow that you know the benefits, here are a couple of important factors to keep in mind when evaluating whether to form a landlord LLC for your rental properties.1.

Understanding the key phases helps me form a structure on how long it’s going to take so I can effectively manage the timeframe and communicate with investors.In most cases, a fix and flip renovation is broken into four main phases:Acquisition Phase (2-8 weeks)For me this is typically on the shorter end because I’ve spent years doing deals, understanding my market and building connections with agents, property managers and wholesalers who send me inbound deal flow.