All Forum Posts by: Ghassan Jabali

Hello Andrew,

I hope you're doing great. It generally sounds like something you can do and may be even similar to the BRRR method where you buy, rehab, rent, refinance, and repeat. Here you would be buying the property, may make renovations, have part of it rented or rent it all out once you buy out your part of your parent's interest, then use the proceeds to keep your real estate portfolio growing. Depending on the terms of the loan, it could be a viable option.

If you do plan on renting with the property, we may recommend the formation of one or more LLCs for asset protection and potentially anonymity.

Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice. No attorney-client, fiduciary, or professional relationship is established through this communication.

Hello Priyanka,

I hope you're having a good week so far. That is great to hear that you are very interested in Short Term Rentals. One thing I always recommend checking if you are interested in a specific location is to check State, City, and even HOA rules in an area to see if there may be any restrictions on renting property for short term lengths as that can also influence certain markets and opportunities, especially with forecasting and managing.

If you haven't looked into it already, I would definitely recommend looking into LLCs and Trusts for Asset Protection and even Tax Mitigation strategies.

Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice. No attorney-client, fiduciary, or professional relationship is established through this communication.

Hello Erwin,

I hope you're doing great. A HELOC or Equity Loan can be advantageous to help with extracting value from your property to then purchase your next property. We may recommend checking on what the interest rates may be and reviewing the numbers carefully before proceeding. We would also recommend looking into Trusts or LLCs if you have not done so already for asset protection and anonymity strategies.

Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice. No attorney-client, fiduciary, or professional relationship is established through this communication.

Hello Brenda,

I hope you're doing great. It definitely does sound ambitious, but could be a prime opportunity to dive into the deep end and come out on top of things. At the end of the day, property values may increase in the long run for years after you've acquired it. One thing I may recommend is to get more quotes and to feel very confident about your numbers and the analysis. I would also recommend potentially setting up Trusts or LLCs for asset protection, anonymity, and tax mitigation for both the process of the renovation and for when it is being rented out.

Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice. No attorney-client, fiduciary, or professional relationship is established through this communication.

Hello Isaiah,

I hope you're doing well and having a great week so far.

1) Yes, it is possible to purchase property directly inside of an LLC.

2) Some banks may loan money to you and/or your LLC. However, they may also charge higher interest rates as a commercial loan. You can of course use your own money to fund the LLC as a contribution and then have the LLC purchase property directly without financing.

Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice. No attorney-client, fiduciary, or professional relationship is established through this communication.

Hello Francine,

I hope you're doing well. That is great to hear about your passion and how you are ready to pursue your lifelong passions for Real Estate Investing.

Short Term Rentals in the United States can be a lucrative endeavor, whether you own the property or are doing arbitrage. With California, we always recommend checking state and city local ordinances, as well as any HOAs if applicable, to make sure you are able to utilize the short term rental strategies that you learn.

If you haven't done so already, we may recommend looking into LLCs and Trusts for asset protection and anonymity for your Real Estate endeavors.

Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice. No attorney-client, fiduciary, or professional relationship is established through this communication.

Hello Keyzhier,

I hope you're having a great day so far. That is exciting to hear how eager you are to do your first deal with a partner. If you have not looked into it already, I may recommend learning about Trusts and LLCs for more anonymous and protected investing as you go forward, rather than doing everything in your own personal name and having personal liability exposure.

Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice. No attorney-client, fiduciary, or professional relationship is established through this communication.

Hello Mike,

I hope you're having a great day so far and welcome to Bigger Pockets. It is good to hear that you have an idea of how you want to move forward with your investments and utilize your previous experience in Real Estate, especially to try to prepare more for retirement.

If you have not done so already with some of your properties, you can look at Cost Segregation for them for the Depreciation aspects. I would also recommend looking into Trusts and LLCs--especially to try to hold the money you get from selling the properties in Oregon--to protect against any personal liability and prepare for investments in different parts of the United States.

Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice. No attorney-client, fiduciary, or professional relationship is established through this communication.

Hello Elvin,

I hope you're doing great. I would definitely recommend insurance as that can act as your first line of defense. Depending on how your home is designed I may recommend treating each room as a separate tenancy with the living room/kitchen being a common area. As a best practice, I would absolutely recommend having some type of written lease arrangement and not have a verbal agreement as that can make it more difficult to evict and open the door for he-said, she-said arguments.

If you have not considered already, I may also recommend looking into investing with Trusts and LLCs to have asset protection and/or anonymity with your personal residence and/or other investment properties.

Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice. No attorney-client, fiduciary, or professional relationship is established through this communication.

Hello Vijay,

I hope you're having a good day. That is great to hear about getting started and wanting to diversify your portfolio. There is a lot to learn and a lot of opportunities out there. If you're not familiar already with the BRRR method, I'd recommend learning more about it to help see if it can fuel an ambitious plan for acquiring more properties. I'd also recommend looking into LLCs and Trusts to protect your businesses and personal residence/assets, as well as try to provide you anonymity.

Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice. No attorney-client, fiduciary, or professional relationship is established through this communication.