Can you say more about their financing terms? Need to put any of their own money down?
What is real estate in the chart? Once you form a LLC, is a business. Although I didnāt form a LLC but I get a PM for Austin rentals, so to me, is a business, I suspect I would eventually form a LLC for them. I donāt view that the rental in SV as a business though.
Not many people can run a business well, so is hard for most people to cross $10 mil 
As the poll has indicated, not many cross $10 net worth in this forum, i recall only 3?
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I donāt know anymore. They used to have partners like me put down the money. Donāt think they need partners anymore.
I have come across people who take other peopleās money without putting a cent of their own. They go out find the properties and get partners to pay for 100% of everything but they take 10% ownership āfor freeā. Their selling point is that you rich people donāt have the time and hustle to find value add properties. Let me do that for you. In exchange I take a small ownership cut.
Thatās an active business instead of passive rental ownership.
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Which 3? Please remind usā¦ 
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Really? Iāve been doing this all wrong. Should have gone after the rich people and ask them for money
I do have an LLC. I only use that for flipping though. Too much work to convert rentals into an LLCā¦ does it make economic sense to do that?
What hassles other than mortgage? Since I paid off some rentals, planning to move them under Corp
Arenāt you already doing that? You sell equity against your future profit on a flip.
Ok sure if you want to look at it that wayā¦ 
But what are the benefits?
I think it should be all or nothing. So Iāll wait on this oneā¦
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I heard about those benefits beforeā¦ some lender explained those to me. Ok well I need to establish credit first with my LLCā¦ one step at a time 
Vaguely recalled youāre one of the three 
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I thought you were going to say youāre one of themā¦
äøŗä½č¦ęčæčøå čå?
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Whats with all the polls ? There will always be someone who is wealthier than you (Bezos prob is an exception) as well as billions who are much less fortunate ā¦
Its simply undescribable that a dozen men on the planet have as much wealth than the remaining 90% of humanity ā¦if that is not a conversation starter then i dont know what is ā¦
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Itās good that this is the case. If everyone makes the same amount of money then there will be no incentive for improvements. Progress will stall. So, the more inequality, the better.
I am not advocating socialism or handouts ā¦but clearly there is something wrong with a system that has led to the situation above ā¦
LLC is good still, but itās expensive, i hear. Somebody suggested doing land trust that lists llc as beneficiary. And one trust, one llc per asset.
I certainly care about privacy, so i will probably go this route. I also hear it prevents scammy-suers for arbitrary garbage