All Forum Posts by: Anthony Freeman

If you want traffic to go to your website, you have to have a compelling Instagram or Truth Social or similar account. You then take that content and post it on youtube and create a channel there. Once you've become "known", people will flock to your website. That doesn't mean they will stay at your website long enough to amount to anything. You have to have content or products that they like.

Hey Anthony, have you found a solution? If not, I run a digital marketing company, and if you were interested in taking the paid advertising route, I would love to help you get your ads running. I can also help you by taking a look at your website and seeing if there are any changes you could make to improve your conversion rate!

Hi Anthony,

You can use the same LLC for multiple transactions without having to make a new operating agreement or amend it for each property. Most of the investors we work with use the same LLC. I have seen some investors create a new LLC for each property, but that can get expensive, and you would need a new operating agreement each time.

EX: Parent RE LLC-- 100% owners of property LLCs --- 123 Main Street LLC, 15 Cherry Lane LLC

This provides some separation for the assets if you are concerned about keeping them all under one company. 

We use an awesome program called Legal Nature to create operating agreements and amendments/resolutions. It is pretty affordable and easy to use. 
 

Disclaimer: I am an attorney, but I am not your attorney. This is not legal advice, just friendly information.

An LLC shouldn't need a new or amended operating agreement, unless the existing one limits the company to handling just one property. Then it needs to be amended. The rules for amending the agreement should be outlined in the agreement itself. If not, then you'll need to check your state's rules. But essentially, it requires a meeting of the members, and a vote. That meeting is how official decisions are made by the company.

When @Doug Smith says meeting minutes, those refer to the written record of the meeting - who was there, what was discussed and decided on, etc. The meeting could also be about authorizing a new property, and the minutes could reflect that limited authorization. 

Whether you create a new LLC for the new property is a different question. That has to do with liability protection, and there is a ton of talk on these forums about that.

High-level, woo-woo answer? You attract sellers like you attract anything: have something they want. 

But on a more technical side, I'd say you need one of the following (ideally all three):

-A solid SEO strategy and time to grind out content

-Paid advertising

-Or a strong following on another platform (IG, Youtube) that you can direct toward your site

THe Partnership completes a form 1065 which generates a K-1 for each partner.
The K-1 will tell each partner how much and what to deduct