All Forum Posts by: Kristi Kandel

@Jaysen Medhurst great thank you. The 4 units and the new LLC does seem to make it so that the LLC would need to be personally guaranteed. I just need to check with legal to make sure the LLC still provided the same protection if we are personally guaranteeing the loan.

Hey there! 

My business partner and I are purchasing an investment property that is a 4-plex. We would like to put the property in an LLC but are having a hard time getting a lender who would vest the LLC. Ideally we'd like to put 20-25% down with the LLC holding title and the mortgage. Is that possible and any suggestions on which lenders could do that?

@Marian Huish I'm looking for 4-plex units or larger and it just depends on the price range. 

Thank you Colleen. I actually own two townhomes in Lake Village already. It is a prime location for vacation rentals now that we got the HOA to back down on the ban they were trying to pass the last 18 months. I'm going for bigger multi-family properties now.

@Cary Crites I'm focusing on the Tahoe area now but I'd be interested in Reno too. 

Thank you all for your insight! I'm now connected with an expert and setting things up nicely for the 1031. The property I had my eyes on to invest in next verbally agreed so I am looking good on timing as well. I really appreciate the network we've created on this platform!

Any suggestions on who to help facilitate the 1031 exchange? 

Hey guys! I own 3 investment properties and just went into escrow on my first property that I'm selling instead of buying. I want to do a 1031 exchange and want to make sure I do it right. The home I'm selling is in nevada and it's a 3/2 townhome. I plan on rolling it into a 4-plex rental property also in nevada. I would really appreciate any guidance you guys can provide.