All Forum Posts by: Shawn Dandridge

Steven,

I have heard from many that Series LLC's are junk. I don't believe there is any theoretical way to seperate each LLC which are controlled by a "Master LLC" just doesn't sound like it would make any sense. I personally wouldn't risk anything in an a unproven vehicle.

I am purchasing these properties for an average of about 20K but most are worth double that. I appreciate all of the quick responses and will consult a CPA and RE attorney.

I plan on buying several properties for rent and fix and flip soon. The main thing I am running into is how to structure the company for rentals. I have heard I should put each property in its own LLC and then I have heard I could put max of 3 properties into one llc to be on the safe side and then i have heard of people putting all properties into one llc with a huge liability insurance policy. Can I get some insight from the "pros" on this board as to what they do.

Good idea Steve, never thought of that one.

Hi,

I am interested in purchasing about 12 properties from an older lady whose rents are WAAAYYY below market rate. The trick is that some of these tenants have been renting from her for 15+ years. Example, one rent is 225.00 for 1/2 of a duplex, going rate in the area is around 500.00. How can I raise rents to somewhere around that range without running off a tenant?

Hey all,

First let me say I love the wealth of information on this site and others I have found through reading the hundreds of posts. Finally decided to actually sign up for an account today. But here is the reason why I posted:

I am looking at several different options on my first real estate deal. One of the things that has come into mind is buying an old run down apartment building for pennies on the dollar, rehab, and get Section 8 tenants to fill it. In terms of profit and such would this idea work and is dealing with Section 8 a hassle from those who have had past experiences? Any info will help. Thanks in advance!