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Results (10,000+)
Amir J Reichental Which address to use when buying a property under LLC?
30 April 2024 | 9 replies
Hey @Amir J Reichental, There are small pros and cons to this: Home Address:Pros:Privacy: Providing your home address keeps your personal information private, as it's not tied directly to your business.Convenience: If you're already receiving mail and other communications at your home address, it may be more convenient to keep everything in one place.Cons:Risk: Using your home address exposes it to potential risks associated with the property owned by the LLC, such as lawsuits or creditors targeting your personal assets.Tax Implications: Depending on your jurisdiction, using your home address could have tax implications, especially if you're claiming any tax benefits or deductions related to the property.LLC Address:Pros:Asset Protection: Using your LLC address helps separate your personal assets from your business assets, providing an extra layer of liability protection.Business Image: Using the LLC address for business-related documents can help establish credibility and professionalism for your company.Cons:Public Record: LLC addresses are often part of public records, which means they may be more accessible to anyone who wants to find information about your business.Mail Handling: If you don't have a physical presence at the LLC address, you'll need to ensure mail forwarding or a reliable method of receiving important documents.Ultimately, the decision depends on your specific circumstances and priorities.
Brendan Doherty' What job should I consider to get into the real estate sphere
1 May 2024 | 2 replies
Jobs to consider include being a loan officer, a property checker/appraiser, an assistant to a property manager, a real estate agent, and a person who checks investments/underwriter.
Christopher Tacchi Can We Transfer Title to LLC With Same Loan?
1 May 2024 | 3 replies
Most banks and traditional mortgages "Do not" allow foe the property to be vested or quit claimed into an LLC unless it specifically states it on the closing disclosures.In most cases even on DSCR loans the Bank/Lender still requires you to sing a personal guarantee even if they allow the loan to be vested into the LLC.  
Ayyoub Feza Loan for second rental property
30 April 2024 | 37 replies
Same as an LLC with a personally guarantee  magically takes away the liability from the personal balance sheet as well. 
Amanda Green Bought an Elephant at Auction…. Now what?
1 May 2024 | 9 replies
@Randy Person had a good suggestion, tap into the local Real Estate Investor group athttps://www.facebook.com/groups/DaytonRealEstateInvesting, you'll find a lot of locals there happy to discuss with you.
Benjamin Sulka Are my reserves too high for a house hack deal?
1 May 2024 | 22 replies
BUT, this is personal preference, if you are trying to make this a passive investment and don’t want to be cutting the lawn, then 5% is probably fine.Hopefully this helps!
James Carlson Colorado bill to quadruple STR taxes fails in committee
1 May 2024 | 7 replies
(I'm personally happy this failed because I have two clients under contract on homes they plan to short-term rent -- one in the mountains outside of Colorado Springs and the other right near Breckenridge.) 
Blaine Alger RentRedi Vs. Free alternatives
1 May 2024 | 15 replies
I may not be the best person to answer your specific question since I haven't used Cozy or Avail and I'm not familiar with those systems. 
Ben Bolingbroke Multifamily Investing Mentor
1 May 2024 | 24 replies
I personally think there is a sweet spot of deals in the $2m - 8 or 9 mil range where institutional people shy away as it's not big enough and it weeds out a lot of other smaller investors. 
Michael Baum New VRBO cancellation rules....I mean penalties
1 May 2024 | 14 replies
personally, i dont see it as bad.