All Forum Posts by: Pike Brynildsen

Let's say my mortgage will become due when transferring them into an LLC. Would this structure provide any more protection.

I'm thinking about managing my own properties, but I wondering if I should create an LLC as a management company to manage only my properties. I wouldn't be transferring the properties into LLC, just doing all the operations from the LLC.

Would this type of structure be beneficial?

Would it simplify accounting? accounting of multiple partnerships?

Would it protect assets any more than just insurance?

Would taxes be the same rate? more complex?

My investment partner and I are both new to multi-unit rentals. We have a few good deals we are ready to move on, but we both keep getting caught up on the concern that the property would not sell for market value when we want to cash out or want to move on to a bigger and better deal.

If everybody read biggerpockets, they would know to buy below market value to get a good deal to have a good cashflow. Then, my property would sell for less than I want.

Essentially, has anyone had a hard time selling their multi-unit rental?