Bernie Huckestein
80 Unit Multifamily partnership and SDIRA
Checking to see if the following would be permitted under SDIRA investment, using an 80 unit complex as example. I have a solid albeit general understanding of SDIRA and disqualified parties etc. I do have a SDIRA s...
Jake Recz
Ohio Property Management - more hands on approach
Sometimes investing out of state is the only way to get decent cashflow. I suppose a lot of out of state investors want to be hands off. Now, what happens if you have a property manager, but you would like to be more ...
Gino Barbaro
What is the best management solution for 10-50 units??
When we first started out, we employed resident managers on our properties. We had a 25 and a 36 unit, and each had a resident manager that we issued a 1099 and paid a percent of gross revenue. As we grew, we replac...
Kevin Lefeuvre
Creating a LLC just for renting and managing my own property.
I have decided so far not to create a LLC for each property, instead using a good insurance. Also because getting loans is complicated in LLC and there are fees for each LLC (just $800 per year franchise tax in Califo...
Shall Tu
LLC and/or Property Manager
I have a property in NC managed by the property manager. I live out of state. Can I also make an LLC or it wouldn't make any sense since it is managed by the property management company anyways?
Jimmyhee Quach
Partnership in LLC Expense Tracking
Hello! I have recently created an LLC with a partner of mine to make our first investment. Wanted to gather the great minds in the BiggerPockets community for pointers to get us started on the right foot:1) What is th...
David Vaturi
How can I do an assigning of contract property in OC
Hello Investors and wholesalers,I have spoken with a few realtors, and they told me that in OC wholesaling properties is illegal.What comes to mind is, "How can I do a contract assignment? in order to buy the property...
Shana Williams
Pros & Cons on having the LLC manage the rental property
I plan on turning my condo into a rental unit. I have already checked with my lender and they confirmed that if the property gets transferred into a LLC, the due-on-sale clause will take effect. With that being said, ...
Benjamin Allen
At what point could you step away?
Hi I'm curious, I currently have 3 units each "cash flowing" around 219 dollars a month each, I'm hoping to double that next year by getting 3 more units each doing 334 dollars a month then again the following year et...
Jim Carvajal
Can My Property management comp manage my selfdirected IRA homes
I have a property management company and have always used another mgmt company to manage my personal self directed IRA owned properties. Recently heard someone saying you could manage your own property under your prop...