All Forum Posts by: Robert Leitner

Thanks @Megan Templeton, that is part of the problem, what I'm not aware of yet is the cost of a complicated entity set up versus insurance with a simpler configuration. I have some meetings coming up that will hopefully help to answer some of this. I hadn't heard about the DST yet, I'll take a look into this, thanks.

I'm in the same boat, I've been happily using Stessa for a couple years and recently I'm having connection problems and they're not connecting with mortgage companies that are buying out my loans. I really like the all aspects of it as an investor with property managers for my properties, and it doesn't hurt that it's free since I'm not that big. Would love to hear if there are any new updates to Buildium, or any other products out there. 

Thanks @Bryan Fenoff, I’ll check them out

Thanks @Justin R., much appreciated, I will look into them

Thanks @Dan H., appreciate all the info. If there’s anyone one you’d recommend, like a  lawyer, I’d appreciate it

Thanks @Chris Levarek, don’t have any of the circumstances that would qualify the s-corp being a good choice, which is why I’m moving away from it. If I get to that point in the future I believe I can convert to s-corp. Appreciate the info, thank you. 

Thanks @Emy Bernardo, I've seen it and countless others. I'm fairly certain that disregarded LLC is where I want to be, but I don't know if I can covert what I have from s-corp to disregarded, or if I should convert vs dissolve and re-create. Then there's land trusts, WY holding LLC for tax benefits, etc. I've learned a lot, mostly that I should be talking to someone that's qualified to help me out. Finding them is what I'm looking for help on now. :)

@Mark Frattini thank you, send the connect request

@Corby Goade thanks for the reply. I don't have a lawyer, that's the type of recommendation I'm looking for.

I had a prior CPA set up my LLC and they also made it an s-corp. New CPA is telling me to dissolve it, don't need it, costs me more than it's worth. My own research is leading me to believe I don't want an s-corp tax status, but it's also sending me down a rabbit hole of land trusts, out of state LLC's, how many to have, etc. Talking to a company that is specific to tax, legal, and entities for REI has gotten me an estimate of $20k for a complete package, which I'm fairly certain I don't need for my 4 properties. Are there any recommendations from investors that have used someone that will look at my individual circumstance (live in San Diego, properties in Phoenix) and can help me out? Thanks in advance :)