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17 October 2024 | 20 replies
No right or wrong answer, but there is probably more risk buying a property and THEN trying to find/build a reliable team on the ground.Trying to find contrators, inspectors, agents, etc. you can really TRUST is difficult w/o a property though.Makes the most logical sense to find a GREAT PMC who can connect you with others as needed.
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14 October 2024 | 4 replies
That is often the most difficult first step for investors, is to simply get started.
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15 October 2024 | 8 replies
It’s really not that difficult a concept.
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14 October 2024 | 8 replies
On the purchase side, it's not so difficult especially if vacant at purchase.
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15 October 2024 | 40 replies
Here are some considerations to help you evaluate whether forming an LLC is the right move for you:Advantages of Creating an LLC:Limited Liability ProtectionAsset ProtectionPotential Tax BenefitsConsidering and Difficulties:Finances: As you pointed out, it may be more difficult to obtain a mortgage for a property held by an LLC.
8 October 2024 | 8 replies
Hello,My tenants who I have already gone over and beyond for (my fault and learning experience) decided that their lease ends on the 1st and not the 31st of the month without notifying me. This is causing me issues be...
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12 October 2024 | 13 replies
Today, the property is worth $95k and I find it very difficult to do a cash refi or HELOC to purchase other properties because it’s in an LLC.
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14 October 2024 | 9 replies
Is it more difficult to trace you as the owner?
15 October 2024 | 8 replies
We ALWAYS require a full month of rent for SD, but we also lose a decent amount of S8 applicants who can't come up with it.3) Delayed Advertising for Vacancies:- It is VERY difficult to arrange showings on occupied rentals, especially if Class C or S8 tenants!
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14 October 2024 | 31 replies
Also, it can be very difficult to get financing for a unit in an association where a percentage of units are not used as primary residences full time.