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18 May 2021 | 10 replies
@Christopher HelwigCo-mingling funds and using the LLC as an alter-ego are surefire ways to pierce your corporate veil and lose your limited liabiilty protection, the main purpose of having a LLC.If you want to "consolidate" your activities, I would transfer Title from yourself to your LLC (same or new one which is whole different discussion) and simultaneosly refi into a commercial loan since legal entities are not eligible for residential lending (hopefully you aren't "frankensteining" it).Hope that helps.
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14 May 2021 | 2 replies
The closer I get to $100+ savings, and the more offers I lose, the more enticing it is to try my hand at a legit BRRRR.
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25 May 2021 | 14 replies
So at that point seller is losing money..
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15 May 2021 | 6 replies
You lose your economies of scale.
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16 May 2021 | 2 replies
It's the worst or best (depending on your strategy) boom and bust real estate market in the world.The explosion of the last bubble during the financial crisis was much worse than the US, with some properties losing three quarters of their values.
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16 May 2021 | 6 replies
Basically the podcast placed emphasis on getting the pads occupied as moving the house is fairly rare.
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17 May 2021 | 15 replies
I wonder if going heavy into the "gaming" look may lose my credibility, however a nice touch of it will say that you're there for THEM and the industry.
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18 November 2021 | 4 replies
In the meantime, maybe to keep your current bookings in place and not lose that income, you could work with a mediator to explain that you will seek a full time renter after these current bookings have transpired.
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16 May 2021 | 3 replies
If the loan payment is less than the CF share your partner is getting, then you're losing money...for 30 years.