All Forum Posts by: Victor Genel

Thank you so much for posting this. I spent two days talking to Layne Stevens and listened. I was excited about these possibilities and at the same time skeptical. At the end skepticism won over. Started my research which included this post. I have yet to read a positive feedback. Just saved thousands but so disappointed. It sounded so good.

@Alex Wise, also because of the increased inventory in most markets due to"regular" homebuyers no longer in the market to buy, higher interest rates can be off set by motivated sellers accepting below listing prices, paying for closing costs, and paying for points to provide the buyer a loser rate. This is the time to buy.

Thanks for your input!

Yes, but do you have this structure for your business,  and if so how does your cash flow?  Easier at tax time?

Hello all, I need some advice. My first rental is a 3 bedroom STR renting out to travel nurses. How do you handle month to month leases? Do you keep your listing active? And when a prospective tenant applies, do you notify the current tenant and ask if they would sign a new lease to secure the spot? And I assume you can't make the space available within 30 days due to regs. Would appreciate any advice from LLs with similar arrangements.

Hello. Need some advice on how to manage multiple LLCs. I want to group my properties by state with different LLC entities for each state. But I want my main entity to be a owner or holding (?) company. Is it worth it the have a parent LLC or keep multiple LLCs? I was understood that having a parent company would make filing easier. Would appreciate any personal experiences. Thank you in advance.

Hello all, this newb is requesting some sage advice.  I live in Elgin, IL and have a contract for a single family home in Benton Michigan that I will utilize as a short term rental.  It was build in 1920 and the people from Proper is asking for details on wiring and plumbing because of their concern of old style wiring and plumbing. I would need to hire inspectors.  The lending coordinator for the loan is asking for documents to be furnished ASAP or within 24 hours.  Is this normal practice?  Proper is highly recommended and I really want their coverage, but my closing is in 30 days.  Is that enough time? Is there another insurance company that don't require this?  Please advise.  TIA