@Jay LamGet a new attorneyOf course a LLC needs an operating agreementEven if it’s one person you need an operating agreementIf you go to sell a property in a LLC the title company will need that operating agreement to confirm you are allowed to sign

Lets dive into the details of February 2024 where data merges with aspirations and positivity shines bright.Single Family Homes; Riding the Waves of OpportunityIn February 2024 Browards market for single family homes showed resilience as it navigated through opportunities with unwavering determination.Despite a decrease of 0.2% in sales compared to the previous year lets stay hopeful as Browards real estate environment demonstrates strength and perseverance.Cash transactions, the lifeblood of deals remained consistent at 28.3% indicating a community that values stability and financial strength.However here comes the exciting part; the median selling price surged to $625,000 showcasing a 11.6% increase from February 2023.

(If you sell while still alive you’ll pay recapture taxes and a percent of the capital gains based on percent as primary vs rental.)

Are you keeping your properties and buying additional ones to add to your portfolio or are you doing 1031 exchanges to go for bigger properties after you sell your existing one?

Would experienced investors stick it out or minimize losses by selling?

@Dennis DoughertyI’d sell it and invest your money into a cash flowing property.

A seller down in the Gallatin Valley these days wouldn't really offer seller financing, unless the lot was hard to sell, as people from out of state are just buying up everything with cash right now.

If I was a wholesaler and was selling as is, I would be wary of investors who tried to talk down the price after coming to terms.

The other thing to consider is the original owner has died, leaving the estate to his sister and nephew to sell.

I'm a realtor here in Missoula, and I'm planning a large subdivision project with a partner of mine in nearby town, we'd be selling roughly 200 homes.