All Forum Posts by: Megan Templeton

Hey @Lisa Borowy Bigger pockets is an awesome resource to find others who are investing in real estate. There are also some FB groups that I am apart of that has a ton of articles and has a network of people that gives each other advice and monitors one another. Let me know if you would like me to share them with you. A huge congratulations and good luck on your investment properties. Thats an awesome step to take! 

Hey Hieu, Congrats on being a Realtor and starting to step into the real estate investing world. I would love to connect with you and share some articles that would helpful starting out also see if you would be interested in joining a community of real estate investors that meet every week. Good luck!

Hey Jacob, I would recommend top 10 ways to protect your assets (FREE E-Book) by Royal Legal. On their website they put out articles related to real-estate every week as well as have a free group mentoring calls every week, one is called Royal Tax. 

Hi @Sarah Hylander,

I would strongly recommend using an LLC to hold the property. The LLC can be incorporated post closing for most properties - I would recommend checking with your lender on when the property can be moved to an LLC.

Thanks,

-Megan

Hello @So Da,

I would recommend updating the lease agreement to reflect the LLC ownership.

Thanks,

-Megan

Hi @TyaKym Echols,

This can vary depending on your lender. Its recommended that you have a strong partnership document detailing the arrangement but also work with your lender on the best way to incorporate your structure with financing.

Thanks,

-Megan

Hello @Calvin Schmeling,

The St. Germain act allows you to transfer some properties without triggering the due on sale clause - there are limitations around the type of loan you have, how many units the property are, etc. Recommend chatting with an advisor regarding the specific property to see if the st Germain act will apply

Thanks,

-Megan

Hi @Phil Clark,

I recommend the DST. The DST allows you have liability protection, minimization, and tax simplification while avoiding extra fees and operational pieces

Thanks,

-Megan

Hello @Greg Rementer

You would move all operational pieces to your public facing LLC. If the property has less than 5 units and the loan is a typical residential loan, you shouldn't run into any issues with the lender as the st germain act allows you to transfer the property post closing.

Thanks,

Megan

Hi @Dan Marl,

Closing into the LLC will likely cause your loan rate to be higher. I recommend closing the refi in your name and moving the property into an LLC post closing

Thanks,

-Megan