All Forum Posts by: Dane Gullakson

Piggy-backing off of this topic if you don’t mind... I am finding myself in a similar boat. I own a rental property which I would like to deed to my LLC. Before doing so, I went through the proper channels and asked permission from my lender. Their response stated that they would call my note due if I deeded my property to my LLC. What now? I’m at risk keeping the title under my own name. Any ideas on how to convince them or otherwise get this done without having my note called due?

All, I appreciate the ongoing advice. Lots of good stuff on this thread so far. Its obvious that this is a topic worth discussing!

Great advice everyone. I appreciate the thorough responses.

I am definitely leaning towards doing it sooner rather than later, but since this is my first property, I wanted to get some advice from the community.

Thanks again!

Hello!

My wife and I are purchasing our first investment home so I am interested in some advice. The home itself is a 3/1, 815 SF and it has a simple, low pitched shingle roof. The roof is nearing the end of its usable life. A few of the shingles are starting to curl, but there are no leaks. Our strategy is to buy and hold long-term for positive cash flow.

Would the savvy investors in here A) Replace the roof as soon as possible before we move-in our tenant, or B) Wait for some time so we can save up and get the most out of the current roof's life?

Our strategy is to buy and hold long-term for positive cash flow.

I should also probably point out... We are located in Jacksonville Florida and entering the peak of hurricane season.

Thanks!

Hello Bigger Pockets world! My name is Dane and I am just getting started in the world of REI. I'm in Jacksonville, but I'd love to connect and learn from anyone anywhere.

Hey Zoey, my name is Dane and I'm also in Jacksonville. I'm just getting started in the world of REI as well, so I'm interesting in connecting as well.