What was the outcome?

What did you decide to do and what was your outcome?

What was the outcome?

Hi Jason,Here's a few things I'd be mindful of:Separate Personal and Business Finances - get an EIN, open business bank account and use it exclusively for businessMaintain Documentation - keep records of all business transactions and contractsComply with Legal Formalities and Tax Regulation - adhere to all state specific regulationsIn terms of the STR and LTR, it's generally recommended to put them under an LLC by transferring ownership or quitclaiming.

@Derek Todd McCarley if you have $1m in capital gains this year it's worth it to pay several thousand to get some solid tax advice. .Without the specific background on how this $1m in cap gains was generating it's tough to provide helpful feedback but you can explore 1031 exchange, 121 excl, Qualified Opportunity Zone, and more 

What was the outcome?

Specific to payments, try to push for net 30 payment schedules for your GC.

Let me know if you have any specific questions about Nashville and the surrounding area. 

Not sure those books will get into the TX specifics, like lock types required, how to handle a security deposit, safe harbor when charging late fees, required lease disclosures, etc. 

Hi All, I am currently a condo owner in the Boston area and looking to getting into Real Estate, specifically rental properties. i have been doing some searching on the market for the past few months but have not seen deals that would properly cashflow, at least to my knowledge.