All Forum Posts by: Mark C.

There are some properties I am interested in that are older and they most likely have asbestos.  I am risk averse and if I were to purchase, I would tear down to the studs and do a full rehab {this would include getting rid of asbestos shingles and insulation).

1) I have done a ton of research and it appears as if getting rid of asbestos is very DIY able assuming you spend money on the safety equipment and use it properly.  Is there something I am missing?

2) I am having trouble finding an inspector that will identify asbestos.  It is very easy to find a lab that will do a test.  However, there are an infinite number of substances in a home to test so this seems hit or miss.  I would like to find someone that can identify things that 

a) don't have asbestos and thus don't need to be tested (e.g. kitchen cabinets)

b) things that  90%+ likely to have asbestos and thus should be treated as having asbestos (i.e. handle with extreme caution.

3) Is there some certification that I can get that states that a home is asbestos free?  For example, lets say I strip a house down to the studs and take of the siding.  Could an inspector look at the house at that point and certify that there are no asbestos materials inside?

Thanks

I want to get started in real estate investing.  Ideally I would like to have one company manage all of my properties.  Does anyone know of a *GOOD* property management company that handles the great Metro areas of DC / Baltimore / Wilmington (DE) / Philadelphia ??

I want to get into real estate investing.  Here is my plan and then my questions below:

1) I want to buy single family homes across various states with each home having its own LLC in that particular state.

2) I want these various LLCs to be owned by a Wyoming Holding LLC for anonymity.

Here are my questions:

a) Is it really as easy as creating a Wyoming Holding LLC online (e.g. zen business) and then creating an LLC for the homes in the relevant state (again using zen business as an example) ?

b) How do the taxes work?  If I have three rental properties in three different states, where are taxes paid?

c) Can income (rents paid to me) and expenses (e.g. electrician) be paid directly to the holding company?  Is that tax efficient?

d) Is there a good CPA firm that can handle all of this for me?

thanks!