All Forum Posts by: Anastassia Satchko

I would still buy it. If they already started the process and they are on the back end of it, you are good. You just step in their shoes. If you consider holding costs and having to wait to do anything until tenant gets out, from that perspective I would push closing a week. If you are solely concerned about inheriting the tenant, I think you are fine. Legal process has already started and almost finished. George Gibbs does my evictions and can help you if you need it. (980)228-6387.

I would go for more units if you can. That will keep your costs down per unit. If you are interested in building a Duplex, I have a .55 cleared and grated lot in Dallas, NC available.

@John Rankin if you would be open to getting a Duplex. I have a .55 acre lot available in Dallas, NC you could flip or keep and do mid term or short-term (Airbnb) rentals. If you're interested, happy to send you more info and discuss. 

@Jacob O'Malley not sure if you found something already. If you are open to building I have a .55 acre lot available zoned as a duplex in Dallas. Let me know if you are interested and I can send you details on it. I agree with everyone that duplex is the way to go.

We started looking at new construction recently. It’s a different world right now. I can tell you people are ready to pay anything and submitting ridiculous DD and earnest money just to get the properties. A recent house we wanted was through DR Horton. They told us we cannot select the elevation of the house on any lot. They preselected the house plan they would build on each lot and the elevation. They also said at this time they can’t guarantee that you will pick your cabinets, colors, tile or the normal options. They are selecting everything for you now. Also there is a 10k minimum DD. They give preference to people that go with their lender. There are people on a waiting list waiting for each house get released and the house is “auctioned” off they pick the strongest offer.

Hi Patrick, I'd love to come out. I clicked the link it says, "This event has ended." Thanks

Hi Raph, I’m a buy and hold investor in the Charlotte area. I’d love to connect and introduce you to some people here in Charlotte. Happy to be a resource and help any way I can.

Hi Cameron, as mentioned we are just starting out. These companies are just to create a shield for personal liability, order business cards, put our company on mailings etc. These companies will not hold any properties. A new LLC will be created for each one or two properties we acquire (depending on the exposure). We attend so many meet ups and keep telling people we don't have a business card/business yet. Now it's time to execute...just want to make sure we didn't structure this incorrectly to backfire later or have to undo tax filings down the road.

Good day all! My partner and I have just started actively looking into real estate. We've created our LLC's (one face operating company and one holding company) to put ourselves out there. Our face company will operate out of NC and our holding company was created and filed in WY.

From a tax perspective I believe we structured everything correctly. But we are concerned that we may not be shielded or protected correctly from a legal standpoint.

My partner created the WY company first with the two of us as members. Then we created the NC LLC with the WY LLC as the member. I thought we should have been members of the NC LLC so now we are questioning whether we structured this correctly. Honestly we have been talking about this and researching for months. Have spoken to lawyers, accountants and no one will give a clear answer on how to do it. We finally took action. If our goal was personal liability protection with the current structure did we accomplish it? The cash will be at the WY LLC (NC will not own anything) but we are the members of the WY LLC. Doesn't that create liability there?

Also, in what case would it be wise to file as an S-Corp? It will only be us 2 under our company. Should the S-Corp election be made at the WY LLC level?

Thank you in advance!