All Forum Posts by: Denise S.

Hi Bob,

Thanks for the response! In fact I have been searching for properties that offer seller financing as well.

:)

Hi George,

Thanks for the response!

So great to hear from someone who has this type of setup because I feel it would be the best route for me too. I'm so curious about this since I want to take the right steps.

So upon your initial setup of your business.. the main llc formation started first before you bought your properties and how did you compensate for the cost of each individual llc formation? Another concern I have is the insurance, do you have separate insurance for each individual llc or is it just for the main llc which holds all the individual llc's?

Swat you are amazing!!!

Thank you so much for that. I will make note of it and follow your sound advice!!

Thanks Joe!

I did read up on that as well and definitely want to implement it all.

Someone mentioned via that forum that its sort of like a castle and a moat..

interior : your properties,llc

castle walls/moat: legal and financial advisers,etc (such as attorneys and accountants)

archer in the watchtower: insurance

Ok

It is not the route i want to go, but i see its my only route at this time.

I'm going to look into hard money loan financing for the start of my real estate business venture. Since I am planning to purchase multi-family and single home properties in Texas and California.. I wondered.. If I got an hard money loan in Texas to purchase my Buy n Hold.. can I refinance it with a loan from Ca.. or do I have to find refinancing in that state and vice versa?

Any helpful advice will be appreciated~!

Thanks!!!!

Ok I am going to start creating a few letters of intents with hopes of getting a deal under contract... however I want some form of privacy and protection, if I proceed with purchasing these properties, asset protection, etc.

I came across this forum and saw this strategy of creating a series of llc's to protect each individual asset under a main operating llc.

• referencing a comment made by: Bradley B. Clark here:
• http://www.biggerpockets.com/renewsblog/2013/08/17/rental-properties-llc/

I wonder if you are buying buy and hold properties in more than one state,
for instance like Texas and California...

Do I have to create a main llc in both states, do I need separate eins for each llc? in each state? or.. is that just madness..lol

Anyone have current experience in this and advice?

Thanks!!!

I wanted to say Happy Holidays and thank everyone for reaching out to me~!

Thanks Jeff~!

Howdy Tim,

Thanks so much for responding to my post~! I can say my main interest is in Multifamily units and single family homes. :)

Hi

My work week is crazy so bigger pockets is the closest thing I have to an REI club. Im seeking to connect with other real estate investing individuals ( lawyers, realtors, lenders, etc) in my area for chats, for insight.. to connect with and learn with, meet for coffee... etc~!

Follow me and I will follow you, lets connect for a prosperous new year~!