Derek Bleam
Questions about starting an LLC
26 June 2024 | 18 replies
LLC's can sometimes complicate things, just open a bank account for your rentals and use a program like quickbooks to do and manage your books. you could even hire someone for around $100/mo to do this for you as well Full transparency, I felt ashamed to admit this before, because I didn’t do my research and jumped into something, but recently I was listening to Pace Morby YouTube videos about LLC’s and they suggested before you do anything in real estate to protect your assets with LLC’s, I already had property so I thought I needed to act on it and set up and LLC.
Denise Evans
Smoke Detectors in Rental Properties
23 June 2024 | 38 replies
I’m still fairly new, but not that new to rentals(a few years having a tenant) and I have a couple questions that I’m ashamed to ask because it seems like I’ve been doing bad practices and I should fix them before I continue, but anyways: I live in Pa, so with regards to smoke detectors and CO detectors they have to be replaced every 10 years?
Brian Bradley
Asset Protection for Real Estate Investors
23 June 2024 | 105 replies
The courts typically give it the benefit of the doubt, and will force the plaintiff to show the company is a shame.
Brian Ward
LSF8 Master Participation Trust ?
11 June 2024 | 2 replies
Hi Brian, I know it's been a year or more, but wanted to drop my two cents in here for you.LSF8 Master Participation Trust is a sham.
Agustin Peirano
What type of insurance I need to rent my Townhouse/Condo?
9 June 2024 | 1 reply
The agent you spoke to should be ashamed of themselves for not asking you any questions and at least attempting to do a proper risk assessment.3.
Alan Asriants
My 3 criteria for those looking to househack/buy a MF
3 June 2024 | 0 replies
Avoid lipstick on the pig.Renovations like nice kitchens and bathrooms are great for rental properties, but it is not everything.A property that has been cosmetically renovated, but has no capital improvements is worse than one that has been very well-maintained, but might have older cosmetics.If I walk into a property and I see that the kitchens and bathrooms have been redone, but all the walls are plaster there's no grounding in the electrical and the plumbing has never been updated that I consider it a full gut.It's a shame to pay a premium because of a nice kitchen and bathroom only to find out that you have to rip it all apart.It is usually less expensive to do cosmetic rehab for rentals than capital improvements.
Adriana Andujar
Real Estate Investing in Puerto Rico
2 June 2024 | 6 replies
I want to use Bigger Pockets products (or others like it), but it seems they don't provide coverage for PR, which is a shame.
Michael P.
Ready To Get Started In Ohio!!
2 June 2024 | 112 replies
Again, lower your expectations.Good luck Just spent a few hours stalking the new properties we brought to our PM book.Bloody nora mate, hard to believe what folks are buying and where and for how much 🤷♂️First time in 10+ years that I actually started getting worried a bit about our market.I mean, we are talking D class stuff selling for $80,000+All off the MLS also.Toledo got some sexy PR this year but this is insane.Can't sell turnkey in B class for sub $100,000 if my life depended on it.But D class run down $%#@ off the MLS selling for $80,000 all day long.And some solid comps to support this $#%@ also...PM is booming so we will ride the wave.Surfs up 🏄What a shame though....
Rachelle C.
Partner-Driven Real Estate Coaching By Peter Vekselman
3 June 2024 | 62 replies
It’s a shame.