All Forum Posts by: Justin Cox

So currently, I don't have any properties but I am wanting to go ahead and start either an LLC or a Corp. What is the difference between the two? Would an LLC be better for me since I'm just starting out? And is there any reason why I would want to wait until I have bought my first property and have money coming in to start either one of these because of costs to have one?

Thanks in advance!

Hey everyone! So my wife and I have decided that we are wanting to try our hand at short term vacation rentals. The problem I’m running in to is picking a destination. We don’t have a large sum of money so we can’t go to the well known destinations. We’re having to look in areas that are brand new to us. 

My questions is how do you determine if some of these up and coming areas are good areas? 

Is there any good websites to look at that would have information about crime rate, things to do, etc?

And also what other places in the area are renting for and how they are doing in the market

 Great advice, thank you!

Hi everyone. I have a questions about cash flow of rental properties. So I’ve been reading about all of the expenses I should be taking out of the rent I receive to determine my pure cash flow. Mortgage, taxes, insurance, vacancies, repairs, capital expenditures, etc… 

But where do you put the money for all these expenses? Just curious what everyone is doing. Do you put each expense in an envelope? Do you lump it all together in a bank account? I’m just wondering how you keep each expense separate from one another and how you stay organized. Thanks for the help in advance!

Hi everyone, my name is Justin Cox and I live in southern Indiana across the bridge from Louisville, KY. I do not currently invest in real estate yet but am very excited to hopefully make my first investment purchase in 2022. I was hoping to find someone in my area that I could possibly network work and just simply bounce ideas off or possibly invest with. I know it’s a long shot but I would love to actually know someone that is doing what I’m trying to do. Thanks in advance for any advice!