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3 December 2024 | 22 replies
Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney.
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5 December 2024 | 6 replies
Start with your primary, rent out any spare bedrooms "house hack"Use that to practice upgrades, kitchen, bathroom, curb appeal... etcNow you have experience as a landlord and flipper, use that to buy a distressed propertyAdd 40% equity to the property through home makeover, refinance into a low cost mortgageNow you are cashflowing a healthy margin on a second property, use that to build equity over time, cashout later and buy your duplex/quad.If it's going to take you 10 years to save up a down payment for a small apartment building, yeah it makes more sense to start growing your portfolio with cheap SFR flips instead.Every market is different, every borrower is different, every property is different, it would be ill-advised to recommend anything without recognizing the individual's nuanced goals and objectives with their next acquisition.
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3 December 2024 | 21 replies
Most LLCs are set up for liability protection or similar non-tax reasons, and especially in CA, the penalties for "non authorized" practice of law are steep that a lot of CPAs will not even form the LLC for their clients.
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11 December 2024 | 101 replies
One of the things we foreign investors love about investing in real estate in Mexico is the fact that real estate taxes are practically 0.
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4 December 2024 | 18 replies
Know and obey the law.
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4 December 2024 | 6 replies
Practice tips include budgeting, saving, and leveraging strengths.
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2 December 2024 | 1 reply
This means they will have practically complete control over whom to rent, how much to rent for, and how much to charge for repairs, etc.
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7 December 2024 | 2 replies
Considering the more lenient US laws compared to the UK in contracting.Again, thank you so much for your reply, perhaps we can connect and see out opportunities in the future!
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10 December 2024 | 104 replies
First, he says you make offers with his offer template - but the fact of the matter is that the law is different in every state, and one template will *not* necessarily be legal in any state other than the one he is in, and I wouldn't even bet on that.
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2 December 2024 | 9 replies
I am surprised they have not been sued for illegal business practices.