All Forum Posts by: Nathan J.

@Tim Morani did a bit of looking around saugerties & albany and a little of Catskill. My impression was that high taxes, plus no real industry meant it would be tough for a buy and hold strategy. There may be better options for flipping but that was not something i was interested in.

Albeit late, but thanks anyway @James Cloman.  I appreciate the insight.

Where can i find details about the revitalization programs? What areas do you invest in philly?

@Brian Huber do make sure to ask if anyone recommending you to a turn key company is getting a kick back. Some turn key companies pay folks to recommend them. That is not always made explicit by the person making the recommendation.

thanks @Jessica F. and @Mary B.. That's useful feedback. These are distressed properties which i will purchase and get rehabbed and then rent out. The numbers make sense to me.

thanks @James D. and @Matt Roberts for the response.

thanks @Troy Sheets very useful to know your experience there.

I guess another way to phrase the question is do folks think that those parts of west philly and fern rock have good 10 year appreciation prospects?

thank you @Chris Martin and @Percy N.. Those are all good points

Is the separate account requirement to prevent the corporate veil being pierced. Do the separate accounts really achieve that?

Hi there, 

I am sure this is old hat to many of you. Would love to understand important points in setting up an LLC in Philly. My goal is purely to protect my personal assets from lawsuits that may occur with rental properties that i have in Philly.

1) Is there an advantage to setting up the LLC in Pennsylvania vs another state?
2) Is it important to set up an operating agreement for the LLC. Who does that?
3) Does the LLC need to have separate bank accounts. Or can it pass through to my accounts.
4) Given the goal is to protect my personal assets, i would put multiple properties into one LLC. Is that sensible?

Thank you in advance 

thank you for doing that @John K.. I look forward to the insight