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1 December 2021 | 22 replies
We use an umbrella policy for our primary liability protection, but also have an LLC that gives the appearance of adding some protection.
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19 November 2021 | 3 replies
I'm wanting to set up an LLC and looks like it can be done pretty easily online.
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27 November 2021 | 1 reply
Pull the tax records for cash deals in your area, filter by LLC.
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21 November 2021 | 18 replies
Unless you want to own the property under an LLC or other business entity, I'm not sure why you would need a commercial loan on it.
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19 November 2021 | 4 replies
As Nathan said or you can create a management agreement between yourself and the LLC and then the lease can be in the LLC name.
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21 January 2022 | 7 replies
Here is a list of due diligence item I use on my MHP investments:Check zoning and permitting compliance (city zoning)Check local law compliance (with Sherriff and/or Police)Search City Council minutes for any adverse mentionsCheck with State Department of Public Health's Division of Community Environmental Protection (CEP) for compliance violationsCheck with property neighbors for any disputes or pending legal actions Water - Check with water provider for any open or recent issuesSewer - Check with Sewer provider for any open or recent issues or complaintsElectricity - Check with electricity provider for any open or recent issues Rent roll with space number, name of resident, move-in date, renter or owner occupied, number of occupants, monthly rent, additional charges, current balance due and any relevant notes about the residentList of capital expenditures for the last 3 yearsGet last 2 years of Profit and Loss statementsGet last 2 years of Tax Returns for the LLC/Park12 months of Bank Statements for the LLC/ParkCurrent Accounts receivable statementsBuild proforma for next 5 years using rent roll and expensesGet owed taxes to City/County/Local govGet Insurance Quote of commercial liability insurance2 years of utility billsProperty Tax bills for last 2 years List of park owned home including copies of “rent to own” or sales contractsGet list of vendors and contract status for each vendorTalk with on-site property manager regarding issuesConduct Onsite Property Visit with property managerSpreadsheet detailing who pays all utilities including water, sewer, gas, electric, trash, cable, etc.
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19 November 2021 | 2 replies
I hold my properties in a Texas series LLC.
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6 December 2021 | 1 reply
I have properties held in my sole name that I want to contribute to an LLC owned jointly with my spouse without tripping transfer taxes in Nevada.
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2 April 2022 | 8 replies
If you own the property in your own personal name (not an LLC or corporation or trust, for example) then you can file your own eviction lawsuit.