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3 May 2024 | 8 replies
Without that you can be sued personally for any issue within it on your str.Its much harder for people to pierce the corporate vail and sue you personally if your property is owned and managed in a LLC .Financing is one of the only drawbacks as it is a commercial process and banks usually like to see 3 years of a decent tax return.We have 19 properties and all are in an LLC and in fact we only hold 2-4 properties in each LLC (all are owned by one parent company and done in one flow through parent company)to even further shield the liability that may/can occur on a property.There is no doubt you are exposed to higher risk on many fronts if an investment property is held personally.
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4 May 2024 | 9 replies
However, still valid and important considerations to make as I continue to evaluate options.
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2 May 2024 | 20 replies
Thanks for your kind words 🙏I do my best to share an unbiased opinion hehe.Opinions are like A$$holesEveryone has one heheheWishing you continued success
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3 May 2024 | 1 reply
Were you already closed and this is something the title company missed?
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2 May 2024 | 29 replies
@Marius FleischerYou will have 50% of people tell you that you should invest there and 50% say otherwise or provide areas they feel are betterEach area has positives and negatives - my recommendation is to visit each of these areas then shortlist them and continue to figure out where to invest
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3 May 2024 | 8 replies
What are some of the main things you look for in a great Property Management company?
3 May 2024 | 11 replies
I am always looking for other ways to continue investing and expanding/building my real-estate portfolio.
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3 May 2024 | 32 replies
I don't suggest doing arbitrage for many years to figure out the market (and the ropes), but rather, one can start with a sub-lease and then relatively quickly choose to buy if the conditions are good while continuing to profit from the sub-leased property until lease end.
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3 May 2024 | 33 replies
I couldn't stick a capital gain tax on my mortgage company.
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3 May 2024 | 12 replies
Continue to ramp up and I prefer to own long term holds in areas where they appreciate.