All Forum Posts by: Richelle T.

@Joseph Duff I *think* you can put the properties into a trust then make the LLC the beneficiary of the trust. Putting properties in a trust is a normal asset protection measure that anyone can do and would not cause the bank's due on sale clause to come due. In that way, you can keep your owner-occupied financing but have LLC asset protection. At least that's how I understand. I haven't tried to do it myself as of yet.

@Account Closed I would like a copy of the spreadsheet as well!

Will do, best of luck to you as well!

@Account Closed I'm looking at a multi-unit beach vacation rental. My parents are retiring back to our home country and are looking for a property that produces rental income in addition to serving as a primary home. This would be international house hacking at its best I think. Having citizenship in both countries helps but the US has better interest rate and terms over the developing world. American financing for international investment would be awesome. 

I agree 

This is a great thread! While I'm not thinking of a vacation rental in Puerto Rico, I am thinking about one further south in the Caribbean where my family is from. Any who, great points to consider. 

Has anyone had any luck structuring owner financing on a vacation rental? I'm trying how best to structure my offer. The downside of the island lifestyle is poor record keeping...

@Bradley Spencer You may have to go visit them. I tried calling to appeal my code violation but I got no answer and no call back, lol. That is the same location for utility inspections and permits. FYI - They close early, around 3:30-4pm, so don't tarry if you do plan to go. 

@Bradley Spencer Someone mailed me when a property of mine got a code violation. I'm not sure how to get the list but someone has been able to find it. Be sure to share when you do!

If you have a webcast, let me know!

@Steven Rogers If I understand your question correctly, the property would be titled in the name of the LLC - not your personal names.