All Forum Posts by: Dean Belcher

Thanks for the info. As far as business license and other kind of paperwork for the state/city. What was required to be legally on Air BnB and VRBO? I was following the Tucson Air BnB link but it seems to have a lack of info/ broken links. Aside from that I was thinking in a year time/ when I can afford another home of starting a LLC and transfer both of those homes to it. How's that sound?

Location is Tucson, AZ.

I am closing shortly with my first rental property. I'm looking for some info if possible. 

If you have a pool what do you recommend for liability reason other than posting rules?

I have seen people stating to apply for business licenses and others stating its not necessary so I'm unsure the proper course of action here as well.

This is an out of state property I'm buying so I assume I will have almost 100% 3rd party running/ managing it. Dose anyone have advise on apps or programs that can help me automate certain portions to streamline. I would like to have the ability to have some control vs paying someone else to take care of everything.

I have researched everything but answers never seem to be black or white. Any advice would be greatly appreciated. Especially any local contacts that I could bounce some questions off of.

@greg moss im looking at a house that is 64k (foreclosed)  the market values it at 68K. Houses in the same neighborhood range from 54k-140k you could live in this house immediately, but if flipping which is what id like to do here you probably need around 2k just to tidy up and add a little value or could go extreme and probably put 10-20k to have more interest. thoughts?

I have never owned a home and imminently want to get into real estate investing/flipping/renting. 

Background: I am newly 24, my wife and i make roughly 35k a year jointly, but in the next year with already confirmed jobs from our new degrees we will be around 75-140k jointly (if we both work full time or she works full time and i focus full time on real estate) . We will be moving to the NW, Oregon/Washington area. 

I can comfortably make a down payment right now of 35k with options of a VA loan.

With some history in carpentry i imagine to buy an ugly and cheap duplex/Triplex/ext.. renovate, live in one rent the other. 

My other venture would be single family homes, flip/wholesale until the margins allowed me to buy in cash and rent these properties.

My question is basically what do you think of the ideas and could you bring some prospective or insight to this thread.