Hello! I'm trying to compare whether to use a conventional or 203k loan. I tried to run some numbers as you can see in the image below. What else should I be considering when comparing these two options?I'm leaning mo...
I have found lately that the number of applicants to my units has dropped significantly. For this reason, once I have someone approved, I want to send the lease for signature with a short time limit, so I can quickly ...
Hello All!
When first starting out, what did you find was the most efficient, least expensive way to set up your business entity? Is it highly recommended that I start out with setting up an LLC when jumping ...
I try to restrict my rentals to Saturday to Saturday in the summer. I do this by enforcing Saturday check-in only and minimum 7 night stay. It mostly works fine. But sometimes people do things like booking from Saturd...
Hi all, I am trying to open up an LLC for my first RE deal and I want to put cash into the LLC's account, once I've opened it without any taxation. Is there a limit to how much I can transfer to the LLC's account with...
After listening to Asset Protection podcast and having a sizable portfolio, I started believing that now it is the time to move on with systematic approach and long term strategy. As a part of long term strategy, I am...
Hello Everyone, I am looking into setting up an LLC and would like some advice on how I should approach this.
Here is my situation:
Currently I own 3 properties, (2) 1 families and (1) two unit. All are in my name....
For a syndicator, when you go under contract, do you sign on the contract with your own name? Or the LLC you and your LP's will form? What I want to know is that would my LP need to involved in the contract phase at a...
Hi everyone. I'm looking for recommendations of attorneys that would be good at setting up an LLC for doing a BRRRR project in California. The project is specifically in Oakland, but that part probably doesn't matter....
I am switching jobs, and have the opportunity to take my employer matched retirement account (a Municipal Employees Benefit Trust, used in lieu of Social Security) to invest in real estate. I can rollover the funds i...