All Forum Posts by: Tim Hsu

Hi all, 

I'm curious how others have structured their businesses and investment properties. 

Scenario: My business partner and I have acquired 3 SFR and plan to acquire at least a handful more in the next few months. We want to make sure we structure our business in the most efficient manner possible so we can scale.

- Do you open up one LLC per property?

- What about having each property be under one LLC and having one umbrella LLC? In that case, can I just open one biz bank account for the umbrella LLC and run everything out of that company?

- Do you also open up one business bank account per property? (How is this scalable? I can see a world where if you own 40 SFR, you have 40 different biz bank accounts)

- Unrelated to the above, short-term our goal is to focus on acquiring residential (0-4 units). We're evaluating a number of deals a day and putting in at least 5 offers per week. I've noticed that organizing all the information is becoming tricky. Are there recommended platforms that you use? It'd be incredible helpful to track which properties we're looking at, which ones we submitted offers on, notes for each property, which properties sold and how quick, which properties fell out of escrow etc... 

I appreciate all the help! 
 

Tim 

@Harri Smith - Bought for $330k renting for 2k a month. 

@Robert Musallam thanks!! 

@Chris Mason Thanks Chris will do. Not a bad idea - i'll do some research and we should talk. 

Thanks @Ryan Hopkins . So the first property I bought was in Oakley, Ca. I branched out a bit out of the East Bay but liked that BART was opening up a line closer to Oakley. For my first purchase, I wanted to find something with relatively less risk, just to get my feet wet. I found a great SFR in a very friendly family neighborhood built in the last 25 years (less maintenance risk). The rental market out there is extremely hot and I was able to get a renter in the property the day after I closed! I'd like to start getting into MFR investing so any advice would be awesome!!

Hi everyone, 

I was listening to one of BP's blogs this morning on my way to work and was inspired to join this site. I've always been interested in RE investing and just recently got my 1st property under my belt. I've worked closely to real estate my entire professional career, 1st in property management and now in construction software. I've saved up some money and am looking to get into investing but need to learn the best way to find deals and how best to use my money. 

Thanks,