All Forum Posts by: Tahra Wright

@Marjorie Carlson I think for higher end rentals yes. Many short-term rentals would be great for packages like that.

@Elias Peralta I'd start with 2019.  A property that was vacant in 2017 might have already been foreclosed or purchased so it's time wasted going back to 2017. There's no way to verify other than to drive past the property but depending on how many are on the list, that could be time intensive. Just start with the tax records.  The usually show when the last sale was.  If it was recently then you know that it's likely not vacant anymore.  Otherwise look them up in white pages and try to find a  new address and phone number and call the owner.  good luck!!

@Elizabeth Rosa Hi there! Yes, try Investors First Title Agency out of Hillsborough. I just came from a REIA meeting and was talking to them and they do double closings, work with wholesalers etc. Go to their website at investorsfirsttitle and check them out. Good luck.

@Nick Beveridge Hi Nick.  I started researching Pittsburgh as well late last year. I connected with a broker who is also a property manager through BP.   I searched profiles and reached out to a few people.  I spoke to and have had leads come from Elise Bickel with EXPRealty.  You can look for her on BP or google her. Her website it is TopPittsburghAgent. Good luck!

@Brad Holtzman No not really. Maybe they have a facility fee or other minimum fee for the space and are trying to cover it or at least offset it. Is it pure networking or is it educational where they are speaking or bringing in a speaker or offering some other resources or items that they need to cover.  I think it just depends on the type of event.  Good luck!

@Mark Navarrete Hi Mark, we are active in Union county.  Have you gone to any local real estate investment clubs?  I recommend NJ RESN.  It's the 2nd Wednesday of every month at the Westwood in Garwood, NJ from 6 to 10.  Tomorrow (February 12) is the next meeting.  It's a great combination of networking to meet all of the ppl you described, education (talking about Opportunity Zone investing tomorrow) and there are a ton of vendors, including lenders. Plus the founder and host Jon Steingraber is fantastic.  Great energy and a wealth of knowledge.  That's the best way to meet the folks who are active.  Google the club (NJ RESN) or go to meetup and find it. Good luck!

For the love of everything good in the world, go to QB! I say that because until four months ago I was doing it all by spreadsheets for the last few years and making myself absolutely crazy. I hired a bookkeeper through C3 Workplace (based in Montclair, NJ) just to get everything from 2018 set up in QB (I don't need to have a monthly bookkeeper on retainer yet) but I didn't want to try to figure it all out before tax time. I'm still doing some cleanup but she set up all my entities and different projects and input everything from January 2018 through October 2018. They'll set it up for you and they have tutorial sessions. Whatever you need is how they can work with you. I needed EVERYTHING, but if you are just starting with 2019 then you probably just need a few hours of tutorial. So QB desktop is what I went with because it's one fee and I can add as many LLC's as I want. Ppl like QB online but the costs would be prohibitive for me because you are charged for every LLC you add ( I have a lot, esp with rentals), plus a fee on a monthly basis for each. There are a few drawbacks to desktop, such as it can't easily be accessed by more than one person at a time and if you use a MAC you have to download fusion (a virtual machine software) so as a MAC user you can run Windows applications. I def suggest you ring C3 Workplace and they can chat with you about it. Ask for Donna Miller or Terri Goldman! Good luck!

@Holly Mahan the first best place is to ask other investors for recommendations.  Some investors have their own crew and will GC work for other investors as well.  The second is to drive around your area and see who's working on renovations.  Watch them for a week or two, see if they are there everyday, see if they stay for the whole day, see how their work habits are and if after a few times they look good, then get their card.  It's a trial and error process with contractors for sure.  Good luck!

@Ira JeterIf there is no will then it depends on state law as to what happens to property when someone dies.  Each state is different.  If I were you I would look at the obituary and find next known kin and contact them.  Usually it will be whoever else had title to the property if that person is still alive, and then after that to any kids, but again it all depends on the state law.  Good luck!

@John Finch if it's a single member LLC (meaning you have no other business partners where you'd need an operating agreement) then you can actually do it yourself and it will only cost you the filing fee. Usually you can go to your state website and do it. Set it up in the state where you are doing business. For real estate there's no benefit really to having the LLC out of state. If you form it in another state then you have to still register for business in the state where the property is located and now you have two sets of fees so not worth it. I set up all my LLCs myself in NJ where my properties are. A few years back we had a rental in TX and I set the LLC up there. So that's my preference. Good luck!