All Forum Posts by: Austin Largusa

I may be the oddball out here, but why don't you pull a HELOC and buy more rentals out of state?
Your dollar will go waaayyy further. You keep your equity. You don’t have to move. AND you generate more income.

1 Vote

San Francisco, California

All good @Angel Gabriel Ramirez im hoping for 11 more too lol

I post a lot of content regarding creative financing on my IG www.instagram.com/rentals_2_retirement

0 Votes

No. You can learn everything you need to know if you look hard enough. I learned everything myself and bought 11 doors with seller financing, and 1 door with sub-to. The only added benefit you could pay for is learning it faster. But if you spend a few months learning it for free, you'll come up with the same education. Here are some free resources to learn from:

- Investor Mel&Dave

- Pace Morby

- Jerry Norton

- Sean Terry

3 Votes

Originally posted by @Account Closed:

I agree with what the CPA said, but I am also a firm believer to KISS (Keep It Simple Stupid) meaning I am 100% against LLC's due to the fact that they cost you whatever they cost for fees plus additional costs for accounting and LLC's do not provide the protection against lawsuits because when you make a mistake, and you will, you pierce the corporate veil rending the LLC void and null. LLC's do not provide one bit of protection against lawsuits inside or outside the LLC because when someone sues you and wins that person can get a Charging Order where they can get your personal assets in other LLC's. Another problem with LLC's is there may be a lot of difficulty getting the tax benefits of transferring properties to domestic partners and heir because the properties are owned by the LLC and not you. This may not be true for many cases, but an issue to be concerned about, or at least, know about. But...then again, that is what complicates LLC's and I prefer to 'KISS'.

So all of your properties are in your personal name?

1 Vote

Hey Yall - I live in California and own properties in Ohio and Tennessee. Definitely need some help.

Trying to figure out the holding company/land trust/umbrella policy/LLC conversation.

Theoretically, I'm thinking a general holdings company, and then an LLC per state.

Anyone in here who can help? Or refer me to anyone?

1 Vote

Will try to make it. Thanks for coordinating.

0 Votes

Hey yall I just hosted a meetup last month in San Jose and we had 60 people come out. Some who are on that list above. It was a free event, and it was great for networking. Let me know if you want to jump in to the next one. It will be in the East Bay. And then we're planning another in San Francisco

3 Votes

Originally posted by @Chris M.:

@Kim Synow Would love to hear what avenue you've decided to pursue. Just hired a local VA after years of overseas. Wanting to get her set up on something better than my simple google doc and skype dialer. Wouldn't mind recorded call for training and follow up accuracy as well.

TIA

Hey Chris! I see you're in Clarksville. I have a couple rentals there.

Personally, I use Asana. Not sure Podio would offer me more than what Asana already has

0 Votes

@Scott Hamilton I'm in the Bay Area. I have a portfolio in Canton, Ohio, as well as Tennessee. Hit me in the messages man. Would love to talk and see if I can't help you

2 Votes

Hey yall - new Canton investor. Just picked up 6 units/8 doors from here in California.

Would love to network with some more experienced investors in the area.

0 Votes

All Forum Posts by: Austin Largusa

Austin Largusa has started 11 posts and replied 111 times.

Post: Considering moving from SFH to house hacking in SF / Bay Area

Post: Creative Finance for Real State.

Post: Creative Finance for Real State.

Post: CPA Help! Properties in Multiple States

Post: CPA Help! Properties in Multiple States

Post: Live Networking Mixer - West Sacramento RE Meetup

Post: SF Bay Area Real Estate Investor Meetup

Post: Best System to keep track of VA Work

Post: New market suggestions

Post: Canton, Oh Properties and Connections