Charlie Martin
Purchase under an LLC or not?
25 November 2024 | 7 replies
"Separation" may not be possible, but I'd like to think of an LLC as an "extra layer" of protection, although you're not completely isolated from risk... just makes it harder for others.
Daniel Amsalem
House Hack in Alexandria as Airbnb MTR
23 November 2024 | 1 reply
Cap-ex was needed for:* Original 1960s kitchen, appliances out of order* Original 1960s Pepto Bismol colored tiles in the bathroom* Tobacco and marijuana stains/odor in every room* Stained carpet covering damaged hardwood* Broken side door from forced entry by police* Zero recessed lighting with 3 layers of blinds on every window* Lots of trash in the basement both on the floor and mounted to the joists overheadCheck out the Zillow listing at: https://www.zillow.com/homes/119-Jasper-Pl-Alexandria,-VA-22...What made you interested in investing in this type of deal?
Stephen Hood
Advice on selling to access equity
20 November 2024 | 6 replies
Rental properties are excluded from 50a6 law however lenders sometimes chose to follow it still as an overlay (additional layer) to provide protection because sometimes borrowers falsy their occupancy to exclude them from 50a6 law (like saying you dont live there and pretend living elsewhere when you in fact do as a borrower live at the aforementioned property).
Paula Impala
Norada Capital Management suspending payments
31 December 2024 | 418 replies
Which adds another layer of mystery because if you have so little faith in the operation/venture that equity is a kiss of death, how in the heck could you expect that same operation/venture to perform on the notes......
Tyler Jahnke
Morris Invest Case Study 2.0
30 December 2024 | 819 replies
NO local would buy it.for 40k or there abouts.now turn key indicates full rehab.full rehab he said is 9k well that's bunk we know that so he is just getting lip stick on a pig.turn key company Morris I can pretty much definitively tell you wants to make at least 10k on the transaction . this is average for turn key . ( Note I fund turn key in 12 markets so I know and have been doing it for 20 years)so now we are down to 30k minus the measly 9k that 21k for the asset.. and I suspect they bought it for less and there are wholesaler layers of profit in their as well as these areas are really dominated by wholesalers... so this asset was bought for 5 to maybe 10k from the owner.. now tell me what neighborhood in Indy were you can buy 10k houses ?????????
Jeff Hines
How would you start investing if you had $150k???
17 December 2024 | 86 replies
When I first started, I learned that diversifying a little—maybe starting with one cash purchase for rental and layering in a financed property or two—can balance risk and cash flow.It’s also wise to consider market trends in areas where you’re looking to invest.
Felipe Fernandes
Company Structure for Multiple Housing Rent
16 November 2024 | 3 replies
Umbrella insurance policies can add an extra layer of protection across your portfolio.
Deal H.
Turnkey or BRRRR?
27 November 2024 | 48 replies
Roofstock is nothing more than a layer on top of the MLS that provides more information for investors.
Don M.
First time with new construction: Cape Coral, FL
5 December 2024 | 200 replies
That is another intangible asset that we are inadvertently growing.From LLC formation, to working with builders, to understanding what the city is doing, to learning the multiple layers of lending, we have automatically built relationships and a foundation of knowledge that we wouldn't have gotten in the same way through other routes.We have definitely continued to see land appreciation, which is worth mentioning.
Stuart Udis
Structuring your entities for anonymity is NOT asset protection
21 November 2024 | 39 replies
If someone were to slip and fall or otherwise hurt themselves at one of my properties due to a premises liability issue, the plaintiff's counsel will file a claim against the deed holder regardless of whether I am incorporated in PA as a single member LLC or through an entity structure utilizing LLC's from states that may have better privacy laws, the deed holder entity is layered or any of the other strategies often discussed in these forums.