They put a lot of the deal on their Instagram as well.

Quote from @Stuart Udis: Have done over $15,000,000 in originations in the past 9 months and likely originating an additional $5,000,000 before end of year.

@Greg Hammond If you decide the property is no longer worth holding on to and you decide to sell, in addition to the capital gains you want to consider depreciation recapture as well as any closing costs and commissions.

I've only done one of these and the seller was well versed and kind of led the way so now it is my turn to get educated on it 🤓After lots of reading/listening/learning I am wondering why do we all tend to use LLCs more than Land Trusts in Florida?

I'm talking to the seller's broker, but I would like to find my own people to assist with the due diligence period, such as an SBA loan broker, an accountant with experience doing QoE for this kind of transaction, and a lawyer.

If the sewer is still functioning (sounds like it is) you get to decide what to do with the money.

If you want another layer of protection get an umbrella policy.You don't want to trigger the due on sale clause for a likely low interest mortgage.Also if you aren't operating your LLC 100% you likely only have a false sense of security. 

It looks like they are focus on the Detroit market.

Whereas we have used him before on stuff we were thinking he would be well below the other bid..

You don't have a great case for a tax appeal here because it looks like it was upped based on the renovation and improvements done prior to you buying it.