All Forum Posts by: Jeremy Schneider

Thanks to all. I've got an appointment with my CPA and attorney next week to make sure all considerations are being made.

I will be completing a 1031 exchange in the next couple of months. Selling prop in Washington and buying in Montana. My current property is titled to my wife and me as a married couple. We want to title the new prop in an LLC. Since I live in WA but the new prop is in MT, what state should I file/create my LLC?

I had a nightmare tenant who owes back rent and damages of around $6,500.  No forwarding address and the initial letter with a detailed bill bounced back (no post office forwarding).  Best practices for going after this without it turning into a time and/or money vortex?

Thanks Antoine.  In general, I'm a buy and hold guy.  I don't see a need or desire to get out in the short term.  Most likely 10 yrs to forever.

I have been investing in 2-4 unit properties for the last couple of years.  In general, cashflow and cash-on-cash returns are my primary drivers.  However, my purchases have been in areas with stronger than average appreciation.  Right now I am considering a 16-unit property in a smaller market that has only seen 17% growth in value over the last 11 years.  This property has great cashflow with some quick/easy value ads that should be able to push the cash on cash return up in the 25% range in the next 6-12 months while holding back 10% for vacancy, maintenance, and reserves.  While I can pull in money hand over fist, my concern is that a 90 year old building in such a small area might be hard to get rid of in the future.  

Having been fortunate to find cashflow and appreciation on my first 4 investments, I am curious how to best evaluate a likely one-sided opportunity here.  Thoughts/recommendations?