Updated over 13 years ago on . Most recent reply
Novice Multi-Family Investor Seeking Advice...
Good Morning BP...
I can happily say that I have turned the first page in the book of RE Investing!! I have been an agent for some time now, and just recently setup my own RE investment LLC. My business partner and I are hungry young investors seeking advice, on any topics ranging from taxes breaks, insurance, business credit, financing, asset protection, etc. We just recently placed our first offer on muti-family dwelling that has been converted into a 31-unit rooming house. The rooms rent for $400-440/mo, and judging from the rent rolls-- I'll have to roll up my sleeves and get dirty after closing!! lol...
I do have one direct question however... when it comes to lending personal money to my LLC, what method offers the best personal protection? I'm slightly familiar with the tax advantages, yet I have the slightest idea on the BEST method. Please advise...someone!!! Thanks.