John Thaxton
Series LLC for Operating Company?
I'm creating an LLC to be my management/operating company. My holding company for my long term rentals will be a Texas series LLC. I am wondering if my operating company should be a series also.
I plan on keeping my...
Henry Clark
Self Storage- LLC Operating Agreement
Along with creating an LLC entity and creating a "Certificate of Organization", you need to have an "Operating Agreement".Attached below is a redacted copy. Virtually anything can be written in to this agreement. Wh...
John B.
35% Operating expenses for Apartment?
Looking for an apartment around 10 units in the South Georgia area. Expenses seem to run 27% without mgmt and 37% with 10% mgmt for C class building. Do these numbers sound right? Currently owned/managed by a local co...
Ned Micic
Retail store hours of operation
Hello everyone,
I just purchased a mixed use commercial property. The property currently has a retail deli/store that I’m renegotiating a lease with. The owner had asked me if I would be ok with his store being open ...
Kulin Dakwala
Operating and holding LLC structure
Hello,
Recently, I worked with attorney and created one operating LLC and one holding LLC. I am in process of setting up bank accounts for each and transferring title from my name to LLC. I really appreciate if can g...
Shahrouz S.
Vetting Residential Assisted Living Operators
Hi, I have a fully renovated house in Arizona for which I am looking for a residential assisted living operator to lease to. How should I vet the prospective ones who reach out? And which terms should I include in the...
Sachin Amin
Syndication and structuring operating agreement
Hello BG experts,looking for some guidance on how to structure a syndication model. we have spent lot of time securing 5 investors for a deal we are working on. In past mostly we had family and friends who invested wi...
Mike D.
Operating Agreement for One Property?
I have an investor who wants to be a silent investor in one property with me. I would actively manage the property and he would simply supply the capital and receive dividends for the next five years. He would contrib...
Andrew Olmstead
Turnkey SFH Operating Expense Estimates
I am looking at turnkey (new/newer construction) in Dallas and/or Jacksonville for long term hold to give to my kids. Based on members actual experience would I be safe to assume in my pro forma:Rent to value ratio:...
Dan Cho
Any Owner/Operator Gas Station?
Hi I recently came across a truck station gas station deal in the northeast, selling for about $2.5, revenue around $6.0, and cash flowing around $500k. Seller is claiming that they do over 2 million gallons a year. I...