All Forum Posts by: Travis Headley
Travis Headley has started 2 posts and replied 4 times.
Post: How many bedrooms are too many?
- Rental Property Investor
- Shreveport, LA
- Posts 5
- Votes 1
thanks for the replies. I believe in my area the amount of rent that could be generated most likely would not justify making more. 3 bedrooms would be the sweet spot.
Post: How many bedrooms are too many?
- Rental Property Investor
- Shreveport, LA
- Posts 5
- Votes 1
At what point is there no more benefit to adding additional bedrooms? For example would there be any benefit converting an additional room to an additional bedroom if it already has 4 bedrooms?
Post: Multiple LLC 1031 Exchange
- Rental Property Investor
- Shreveport, LA
- Posts 5
- Votes 1
@Dave Foster
Thank you for the reply. I guess that would be the issue is getting multiple separate transactions closed at the same time within the window to purchase a replacement could be tricky.
My plan in the long run is to scale, so I am trying to figure out the best way to do so without it taking a really long time.
Post: Multiple LLC 1031 Exchange
- Rental Property Investor
- Shreveport, LA
- Posts 5
- Votes 1
I currently have a rental portfolio with 25 SFHs in 1 LLC. Next I plan to purchase more property but will put it in a different LLC so that all my assets are not in 1 basket to reduce risk. Down the line when I want to exchange up using a 1031 exchange, are you limited to only using assets in 1 LLC or can you sell off multiple assets in multiple LLCs to try to purchase a much larger property?