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24 December 2024 | 14 replies
Here are a few tips:Asset Management: Holding your property in the LLC can protect your personal assets, but check with an attorney or CPA to ensure it’s set up correctly and complies with local laws.Rent Collection: Collecting rent through the LLC simplifies accounting and keeps personal and business finances separate, which is a big plus for taxes and liability.Property Management: Since you’re self-managing, the LLC can be used to formalize agreements, pay vendors, and manage expenses—treating it like a professional operation.Just make sure to consult an attorney or accountant to align your setup with your goals.
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23 December 2024 | 15 replies
Can be a great negotiation tool.
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31 December 2024 | 418 replies
The audience is pre-disposed to believe. 100% correct, Chris!
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26 December 2024 | 13 replies
Tools like Buildertrend can also help you manage the project remotely.
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26 December 2024 | 13 replies
I believe this is correct, but only limiting to 4 total.
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8 January 2025 | 38 replies
@Patricia Steiner is 1000% correct.
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2 January 2025 | 36 replies
.- Analyze Properties Remotely: Use tools like BiggerPockets calculators to evaluate deals.
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29 December 2024 | 24 replies
And maybe it's not all or nothing for a given method, sometimes a combination of various financing tools is what wins.
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20 December 2024 | 9 replies
Make sure to get plenty of toy construction tools so they can help you rehab properties when they get older!
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30 December 2024 | 89 replies
It's not really a fact of the world but a risk a real risk correct but its a what if, and if I laid in bed after successfully setting up an Airbnb arbitrage and so far have success and just think about what if this or what if that, it'll only slow me down.