All Forum Posts by: Carl Zoellner
Carl Zoellner has started 1 posts and replied 9 times.
Post: Joint venture- issue with contractor(Partner), not finishing, not supporting
- Dallas, TX
- Posts 9
- Votes 1
In the future if you come across this type of deal the sweat equity partner should have to hit certain landmarks and conditions to earn the agreed upon equity almost like a draw schedule.
Post: Interested in investing in real estate either actively or passively
- Dallas, TX
- Posts 9
- Votes 1
I've worked with clients in that area and their best resource was other investors. My professional opinion is that you hit up some REIAs in the area, make some friends and see what kind of local deals you can dig up if you want to start locally.
Post: Texas Operating/Management Agreement for single member LLC
- Dallas, TX
- Posts 9
- Votes 1
@Matt Boerlage not to mention those who are wanting to take advantage of the Series LLC or Vereran or minority operated businesses as well.
Quote from @Johnny Lynum:
Hey Carl,
Great to have you here! I can already tell you're someone who’s all about adding value. Free consults and intro classes? That’s awesome! I’ll definitely check out your website and hop on the YouTube channel—love the sound of "Coffee with Carl"! ☕ 😉
Looking forward to learning more.
Cheers, Johnny
Post: Setting up a land trust owned by a WY LLC - any recommendations (Besides NCH)?
- Dallas, TX
- Posts 9
- Votes 1
I am a little biased but Anderson Advisors is good. Andersonadvisors.com you can ask for me as well, I am one of the senior strategist and an attorney that is also licensed in tax court.
Post: Setting up a land trust owned by a WY LLC - any recommendations (Besides NCH)?
- Dallas, TX
- Posts 9
- Votes 1
Post: Texas Operating/Management Agreement for single member LLC
- Dallas, TX
- Posts 9
- Votes 1
Hello Matt
A lot of folks pay for one and copy and paste from there. There is no real good substitute for a well drafted operating agreement, but if you are doing long term rentals in TX then the OA should remain mostly unchanged once you have a good one. However slight changes can make big differences in the drafting if you are doing STRs or Lease-options and things like that.
Post: Texas Operating/Management Agreement for single member LLC
- Dallas, TX
- Posts 9
- Votes 1
Quote from @Matt Boerlage:
Dear all,
I would like to create a Single Member LLC to hold a long term rental property in Texas (I am living is Texas). Texas has no requirement for an operating agreement, but I would like to have one as I hear the general consensus is that (if done right) will help with liability protection.
My long term rental will then be owned by this Single Member LLC. I would like to do the state filing myself, because its easy and cheap. So I wonder if there is a "canned" operating agreement that I could use for this type of purpose. A CPA or Attorney have operating agreements available as well, typically for 500$ to 1200$. Of course your/my mileage may vary - but this seems such a standard thing to do, I can not imagine it's worth thousand dollars of contract rocket science.
Are there others that use Single Member LLCs for their Long term holds? How did you make an Operating Agreement or did you decide to call on an attorney?
thank you so much,
Matt
A lot of folks pay for one and copy and paste from there. There is no real good substitute for a well drafted operating agreement, but if you are doing long term rentals in TX then the OA should remain mostly unchanged once you have a good one. However slight changes can make big differences in the drafting if you are doing STRs or Lease-options and things like that.
Hello Everyone,
Nice to be here and happy to help. My firm also offers free consults for and intro classes for any other education junky’s like myself. Please check out the website for the firm I work for andersonadvisors.com and our respective YouTube channels. I am partial to Coffee with Carl ;-) ;-).
Cheers
Carl