Mike K.
RE Investing - Not a good option right now
10 July 2024 | 112 replies
The government has made Real Estate investing an unfair advantage versus other investments.2.
Antonio Patterson
Tired of pushing Real Estate Aside
9 July 2024 | 10 replies
Here's how to get started and advice on each area:Section 8 Rentals:Education: Learn about the Section 8 program, including eligibility requirements and benefits for landlords.Networking: Connect with local landlords who have experience with Section 8 rentals for practical advice and insights.Property Selection: Look for properties in Raleigh, NC, and surrounding areas that meet Section 8 housing standards and have potential for rental income.BRRR Method (Buy, Rehab, Rent, Refinance):Research: Study the BRRR method to understand how to find undervalued properties, finance renovations, and refinance to pull out equity.Partnerships: Consider partnering with contractors, lenders, and real estate agents experienced in BRRR to streamline the process.Market Analysis: Analyze local market conditions to identify neighborhoods with potential for property value appreciation and rental demand.Airbnb Properties:Regulations: Familiarize yourself with local regulations and zoning laws governing short-term rentals in Raleigh, NC.Property Preparation: Prepare properties to meet Airbnb standards, including furnishing, amenities, and guest experience.Marketing: Develop a marketing strategy to attract Airbnb guests, leveraging platforms like Airbnb and optimizing property listings.Overall Strategy:Continuous Learning: Stay updated with industry trends, attend local real estate meetups, and consider joining real estate investor groups.Financial Management: Manage your LLC, Opal Capital Holdings, effectively to track expenses, income, and tax obligations.Long-Term Goals: Keep your multifamily apartment goal in mind, and progressively scale your real estate portfolio based on experience and market opportunities.If you would like some help getting started, or just want to discuss please feel free to reach out to me directly.
Michael H. Cook
"Shenandoah" STR: What to know
8 July 2024 | 35 replies
How local governments regulate STRs will determine a lot about the area.
Rollin Buffington
LLC Listed on Mortgage, but not Title
8 July 2024 | 1 reply
While the bank may have facilitated the transfer without issue, updating the title is still important for legal and liability reasons, particularly for tax and asset protection purposes associated with LLC ownership.The title company has indicated they can handle the title change process, which typically involves filing paperwork with the appropriate local government office, such as the county recorder or registrar of deeds.
Eli King
Strategies for Assuming Someone's Mortgage
7 July 2024 | 9 replies
Hi Eli, A few different ways: 1) You can ask your realtor to put you on a drip campaign for any assumable loans in the areas you desire. 2) If you are looking at something off-market you can ask your realtor to work with their title company of choice to pull lists of all government loans, in whatever areas you are looking for.
Gerry Cohen
DO NOT INVEST with SCOTT CARSON (We Close Notes) or Inverse Asset
10 July 2024 | 256 replies
By accepting membership, Members are agreeing to assume an obligation of self-discipline that goes above and beyond the requirements of laws and regulations.RMAI’s Code of Ethics is a written set of norms governing the professional conduct and behavior expected of its Members and their employees/agents.
Sweta Jain
Realistic income estimates for STR
7 July 2024 | 9 replies
The third zone is one that is highly regulated, perhaps taxed at a higher rate, but has an established process for STR's and the risk of changes in the laws regarding airbnb or other OTA's is relatively low, simply because those conversations have already happened and the local government has decided that they are going to allow them in the area and have an established process for permitting, etc.
Sean Sullivan
Subject to with a VA loan
8 July 2024 | 14 replies
Title companies ignoring this policy will eventually (after default, claim and investigation) get black-balled from closing federally insured loans… regardless of whether or not they are aware of it.
Kia Grine
Are Short Term Rentals allowed in South Lake Tahoe?
8 July 2024 | 12 replies
And both have county governments that are elected mostly by population centers that are pretty far away — Reno for Washoe County and Sacramento suburbs for Placer County.
Jim K.
14% sales tax levied on Airbnb in Allegheny County
8 July 2024 | 8 replies
Yes, Don, of course taxes are taxes, and they are as unavoidable as death and dumb real estate policy decisions by our local socialist-leaning government.