Chris Martin
No need for an operating agreement, just ask a lawyer
I ran across this that came out of the Special Superior Court for Complex Business Cases, Cumberland County, NC.
Preamble: "An old saying declares that “the cobbler’s children have no shoes.” Lawyers may suffer from...
Robert Sullivan
Can you still get a good COC return with STR prices so high
Looking to buy my first STR and having trouble finding one that projects to make a COC return worth investing in. The high sale prices and subsequent mortgage payments kill the net profits. Raising the rental rate w...
Matt R.
Turn-Key or not Turn-Key, that is the question...
Anecdotely speaking, it appears the turnkey operators are taking advantage of the uneducated investor. I have no stats just my impression.
Do you think a turnkey company that could JV in the deal would be...
GERT S.
Sole member LLC, add spouse as LLC member
I went to cheap way, and formed an LLC (Florida) online without speaking to an attorney first. I know, fools rush in where angels fear to tread.My LLC just acquired 2 condos that need a little rehab. After rehab, the ...
Christopher Ajayi
IRA/LLC or Checkbook IRA
I am interested in knowing what members (investors) think about "IRA/LLC or Checkbook IRA" and the best institutions in the business they have dealt with in the past. Much of the information out there are from the ins...
Eric Gabriel
$500,000 Problem: Tax Entity? Asset Protection? Use of Profits?
I'm going to be returning from you US from Korea and need an entity other than my personal bank account to place $500,000. There are several goals that I will list below and desired results of those goals.Goals:
Inv...
Alicia Marks
The Forums have a new look coming Monday, February 7th!
Good news! There are some awesome improvements to the forums that allow for an easier user experience. Keep reading for the highlights.
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Ryan Doyle
Seller Financing example and questions
I've got a deal on my radar, but don't know if I can swing it without some sort of seller financing...and even then, I'm not sure I have the concept down 100%.
To make the numbers easier, I've rounded everyth...
Alexander Carlson
Young first time real estate buyer
Hello! My name is Alexander Carlson, I am 20 years old and I am looking to get into real estate. Now I realize that 20 years of age is not when most people start investing in real estate, or anything for that matter b...
Gene J Jakominich Jr
Looking for the Team
I have been managing a 4500 sq ft (3 unit commercial) building for a few months for my aging mother. I will be inheriting a great property but currently she’s almost 30-40% under ASF per ur, plus not its in an LLC bu...