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4 August 2024 | 4 replies
Although this is working out ideally, there are some tricky components to this.As of right now, the seller needs to move immediately and is requesting for at least 100K from the 180k that would be due in advance as he is trying to close on a cash only property.
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7 August 2024 | 73 replies
Migration is only a small component of the demand (but rising nontheless).
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3 August 2024 | 10 replies
You will not have to recapture depreciation in the year of sale, it will be baked into the 3-component payments.
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4 August 2024 | 5 replies
Keeping each LLC’s financials distinct helps prevent this risk.Insurance: Having adequate insurance coverage for each property and ensuring it aligns with the LLC structure can also be a vital component of risk management.Legal Counsel: Regularly consult with your real estate attorney to ensure your structure and practices align with your protective strategy.In conclusion, while running everything through your holding company might simplify bookkeeping initially, consider long-term implications and ensure you are safeguarding each property and your overall investment effectively.
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4 August 2024 | 15 replies
PMC RECOMMENDATIONRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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5 August 2024 | 27 replies
Some companies offer social media marketing as well.
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2 August 2024 | 7 replies
So, agents do not use anything more sophisticated than posting to social media?
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6 August 2024 | 29 replies
How it seems like a good idea to use social connection as a criteria for what is one of the most important financial decisions in a consumers life escapes me.
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1 August 2024 | 8 replies
He collects social security and has a part time job.
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1 August 2024 | 2 replies
Look for reviews, recent closings, social media presence, and responsiveness.