When filing the LLC return, it is important to ensure that these liabilities are accurately reflected on the balance sheet.However, it's essential to note that distributing the refinance proceeds among LLC members could potentially be viewed as a taxable event if there is no intent to repay these amounts to the LLC.

So, if you put in 20K, you could set the bid up to the amount of the 100K total debt(80K existing + 20K additional) to ensure that the property reverts to you as the lender.

There are many ways to take this journey from here however we realized our best way is getting outside investors to come in and help us purchase the property, then give them a fixed % over a period of time or even equity.If anyone has been in this position before, what's another creative way we can scale?

The local market has a lot of opportunities, especially if you’re looking into multifamily or creative financing.

Do your homework before committing to ensure you’re getting real value.3.

As long as you’re building with future hurricanes (wind and flood) in mind you can ensure that you’re prepared for future storms.  

These experiences shape my growth-mindset and value-first orientation, ensuring I bring a unique perspective to every deal.Personal Insight:As a father of six, I understands the importance of balancing family values with sound investment strategies.

My questions: - Looking to understand pain points of operating in Indio that you wished you had known - Besides the music festival in April, is there frequent tourism ensuring you are making the annual CoC ? 

•Off-market deals: Creative strategies for connecting with potential sellers and standing out in a competitive market.

Very creative but probably not doable1.