All Forum Posts by: John Thedford
John Thedford has started 267 posts and replied 8833 times.
Post: LLC Appropriate State Filling

- Real Estate Broker
- Naples, FL
- Posts 9,365
- Votes 6,552
Purpose of the LLC? If for asset protection, a single member LLC has ZERO protection.
Post: Whole sellers in Florida

- Real Estate Broker
- Naples, FL
- Posts 9,365
- Votes 6,552
for buy and hold?
Post: Backrent after moved out

- Real Estate Broker
- Naples, FL
- Posts 9,365
- Votes 6,552
I had a tenant that skipped on the rent. They had a high credit score over 800. I filed suit and he found the money to pay me! It is amazing what a lawsuit can accomplish in a situation like that. If your three tenants care about their credit and reputation, a lawsuit against all three of them might accomplish your goal.
Post: Inheritance Properties in Florida

- Real Estate Broker
- Naples, FL
- Posts 9,365
- Votes 6,552
I would consider one LLC for them. Keep in mind that if a single member LLC, there is really no asset protection. Another downside is financing. You may run into issues if they are in any entity. I would talk to your CPA before I made any move.
Post: Seller financing won't happen for anyone

- Real Estate Broker
- Naples, FL
- Posts 9,365
- Votes 6,552
I just purchased one that was owner carry. Seller wanted it gone ASAP. Terms were good. I don't think these deals happen often though.
Post: Florida market for rental properties -- seeking your advice

- Real Estate Broker
- Naples, FL
- Posts 9,365
- Votes 6,552
Cape Coral is banging hot. Rents through the roof. Strong appreciation.
Post: Another minority Landlord devastated by government intrusion

- Real Estate Broker
- Naples, FL
- Posts 9,365
- Votes 6,552
Devastating! Makes no sense the tenant will not sign. Criminal? Absolutely!
Post: Renting from people who wont sell. We RENT ugly houses?

- Real Estate Broker
- Naples, FL
- Posts 9,365
- Votes 6,552
Interesting idea but I don't think it would work.
Post: Is it a good time to invest in the Florida market

- Real Estate Broker
- Naples, FL
- Posts 9,365
- Votes 6,552
One of the smartest agents/investor I have ever met tell his class:
""There is NEVER a bad time to buy, only to sell"
And the man that used this phrase is on your coast.
Post: Best way to bring in new rental properties to manage?

- Real Estate Broker
- Naples, FL
- Posts 9,365
- Votes 6,552
I am in the same boat. I am finding it tough to get customers. Where are you located? I am in SW Florida.