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26 November 2024 | 35 replies
Several things to consider: 1) One of the main purposes of segmenting your assets into separate LLC's is so that your personal net worth or equity in other business ventures or properties isn't exposed, so unless you have a high net worth or a lot of equity in a property, it might not be worth bothering going the separate LLC route, especially when it restricts your financing of the property. 2) Most any commercial financing you get from a local bank for a small property is going to have recourse anyhow and require that you sign a personal guarantee, so you're still personally on the hook to the bank even in the case of a commercial loan. 3) If you're a newer investor and buying a deal that's tight on cash flow, or if you don't have a ton of cash sitting in the bank already, your greatest risk factor as an investor is your investment failing economically due to poor financing terms or not operating the investment properly, not because you get sued.
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26 November 2024 | 3 replies
After operational expenses, there might be minimal tax.
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25 November 2024 | 5 replies
I also wouldn't be involved in day-to-day operations onsite.
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24 November 2024 | 10 replies
After nearly 3 years of operating history, I'm concerned that the properties are not performing well enough to warrant continuation of the venture, and I'm considering selling.
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25 November 2024 | 5 replies
Reason I ask is there are companies out there who will tell you that you can get business credit but in order to do so you need to be an operating company not an investment companySo just asking so you potentially could avoid spending good money and time chasing a ghost
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25 November 2024 | 22 replies
Would obviously have preferred to use a third party but this accomplishes exactly what I need - a birds eye view of the profitability each month without have to re-enter operational and tenant data into my own system when the property manager is already tracking this information.
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25 November 2024 | 5 replies
If you've transacted in hundreds of transactions over the last two years and have 15 employees how are you funding the current operation?
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25 November 2024 | 6 replies
It is Fire TV but I find it pretty easy to operate.$60.78 Hoobro storage chest - https://www.amazon.com/dp/B086JFXB5F?
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27 November 2024 | 13 replies
Study up on warrantable vs non-warrantable condos.One idea I think for a fresh grad, is to find a great RV park operator.
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28 November 2024 | 23 replies
Critical features for me: calendar mgt, manage client communication, communicating with team (i.e. cleaners), supply/operations checklist per property, and vacancy reporting.