All Forum Posts by: Johnder Saint louis

That is a great strategy...from your personal name to a land trust...and you as the trustee while the llc assigned as the benificiary of the land trust. There is power there. Because the "due on clause" business is very tricky. Also that is more layer of protection. 

Waterbury,  Ct i will look into it. But one main reason i like connecticut , as i quote my agent, the state is super lanlord friendly and the price to manage the propery is vey low and taxes as well. You may struggle to get a nice in ncome bracket community because the jobs do not pay much. Thx for the lead....but check out Meriden, CT and i can even connect you with a nice agent there, her name is Maya and she is very helpful.

Thx Aaron, i agree with what Cris says. I will keep an open mind about fix and flip and try not to put all my capital into a deal or risking running out of money right in a middle of a project. 

I have not find a deal yet, but there are tons of deals. Last week end i visited Meridan, ct, if you really hit a mid range market on the rise, then Ct is the way to go my friend! 

Thank you Tarik, i will consider your good advice!!!

Hello Jonathan the progress is coming along well. I am in the process of "viewing" yesterday i saw couple of multi family property in connecticut area. It is an interesting market on a come up and i think imvestors should keep an open mind in this paticular market at its early stage and the state is very lanlord friendly. 

Well, i was thinking the same as Theo, my members are willing to put in our personal guarantee and buy a proerty under 50,000  cash under the Entity so we could have some sort of asset. How much money i have right now? There are 6 members in the llc with very good credit and i think we could probably get the 50,000 on cash between ua.

My LLC is up and running and ready to go. I am super excited and so are my members. My question is, if we want to buy our first rental what is the best way to startup. Do we buy cash/or finance under the LLC entity or do we finance under our own name since the business has not yet built its own credit.