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2 December 2024 | 5 replies
But the garage is not included since I need it for storage of my tools and supplies.
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5 December 2024 | 6 replies
Putting a property into an LLC before placing it in a trust is generally recommended because an LLC provides a stronger layer of asset protection against creditors and lawsuits compared to a trust alone, effectively isolating the property from personal liabilities while still allowing for estate planning benefits through the trust structure; essentially, the LLC acts as a shield to protect the asset within the trust from external claims.Consider getting professional advice on how to structure your assets to shield and protect the asset(s).
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5 December 2024 | 4 replies
Main questions should ask about the seller's:- Reasons/Motivations for wanting to sell- Desired timeline to close- Plan's after selling (relocation, reinvesting proceeds, 1031 exchange, etc)- Back-up plan in case they are unable to sell within the desired timeline- Reasons for not already selling to/with a investor or RealtorAdditional questions will depend on the type of seller lead i.e. pre-foreclosure, probate, fsbo, absentee owner, etc.Here is an example of a youtube search you can use to begin finding call recordings.There are 1,000s and you'll find that the best/most effective ones don't even sound like sales calls.
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4 December 2024 | 3 replies
To get started, you’ll need a good understanding of assigning contracts (check your state’s laws), a solid buyer’s list, and marketing tools to connect with motivated sellers.
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3 December 2024 | 12 replies
Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.
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4 December 2024 | 3 replies
Hi @Inderpreet SinghAn Umbrella Insurance policy is a cost-effective way of getting your general liability coverage up.
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2 December 2024 | 2 replies
I just did an analysis of 5 PM Software Tools for DIY Landlords under $20/mo.
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4 December 2024 | 9 replies
Build a solid team and evaluate deals carefully using tools like BiggerPockets calculators to ensure strong cash flow and returns.Good luck!
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3 December 2024 | 2 replies
Take a look at the BiggerPockets Market Finder tool to start looking at different markets based on your goals - https://www.biggerpockets.com/markets2.
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10 December 2024 | 8 replies
You have to keep in mind that a plex will never be valued the same as an SFH, and renovations may not have the same effect on the value as an SFH.If renovations are not needed right now, I would work toward getting the rent to market for the as-is condition and then renovate each side when you have turnover.