All Forum Posts by: Arlan Potter

@Heather Rivera

I would not do a Corporation for REI. I would do an LLC when you have a lot of free and clear assets to protect - a long time into the future. Get good commercial real estate insurance and you will be fine.

@Bud Gaffney

Its just time to sell for me.  Investing in Farms, cattle, other things.

Sell most of my remaining rentals.

@Julius Chinn

Well If you assume a 50% return, he only needs $400,000

Not sure where you will get it.  or 30% for that matter

@Shandrea T.

You might be better off with your own tenants

@Frankie Paterno

"Never invest in anything that needs painting or eats"

@Nyelle Johnson

Technically you needed "Builders Risk" insurance since it is not rented and in the rehab stage. Talk to an agent

See a tax advisor.  Did you show it as a rental on your 2019 return?

I owned over 50 properties before ever thinking about an LLC

Buy a bunch and have good commercial insurance.

Seven year tenant.  Give them the deposit, unless there are major issues.