All Forum Posts by: Jason Underdahl

Greetings,

I am partnering with a landowner to develop their land. The plan is to build a few houses a year, some rentals, some to sell. I am not a builder but will work with one. The landowner simply wants to get lots sold and create activity in development. The plan is to hold rentals together in LLC for 5 years then I will buy them out of the house for the price of the lot +$xx,xxx. I am looking for a repeatable way to do this.

Essentially how do we separate from partnering on each property when the time comes? Can our combined LLC just deed the property over to my LLC? My plan is to lay this out in operating agreement. Thoughts?

Thanks for taking the time to respond Eric and Brian. This is how we felt but its always nice to hear it from an unbiased perspective. Looks like rates are continuing to dip and we can hopefully gain more security and cash flow with a refinance. Thanks again and best of luck!

I'm looking for any insight into a blindspot in my portfolio I may have. I own a few single families, duplex and fourplex in MN/ND. Mortgages vary from 20 year loans we will redo in 5 and 10 to a 30 year fixed. Interest rates are all around 5. Properties are all C class properties. Cities are all very stable supported by agriculture and manufacturing. My business partner and I each have stable average paying careers. Short of total economic collapse, which our region is usually the last to feel, and major maintenance issues, where am I susceptible to getting into trouble? I know this is a vague question with a lot of variables, however there is a lot of talk about coming recession. Other than things getting incredibly tight cash flow, how are long term buy and hold investors exposed to problems similar to 08? At this time I just don't see it, however I started buying in 2010 and have yet to live through it as an investor. I feel like so long as you can support the properties through lows it really shouldn't matter as long as tenant base is there. Any insight or discussion is appreciated!    

I’ve never been able to find a cabin that the numbers would work on. Cabin prices are currently way too high. What area are you looking in?

Hey Steve, 

I'm fairly new to the bigger pockets website but have been investing in your area for a few years now. Just wondering how the meet up went or if you'd ever be interested in doing another one in the area again. I'll try to build my bio up on the webpage here and would love to get together to talk REI.