3 July 2024 | 20 replies
Counter the objection to you earning income on finding them a secondary buyer in advance, not later when the deal fails because you withheld information or lied.
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1 July 2024 | 13 replies
However, clarifying the long-term business objectives/strategy is key before finalizing your entity set-up.
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2 July 2024 | 73 replies
One is not necessarily better than the other, and your preference will likely depend on your objectives for the home.For example, if this is a short-term investment property on which you are looking to maximize the annual income and depreciate the value for tax purposes, you may prefer a manager who will keep your home filled to maximum occupancy.On the other hand, if this is a long term investment or even where you plan to retire, you will likely want to find someone very different.7.
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30 June 2024 | 4 replies
LLC is VERY IMPORTANT to organize in the correct states that don’t require formal records to maintain separation between LLC and personal.
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30 June 2024 | 8 replies
@Marisa VoelkelI think having properties in their own LLC is not necessary for the reasons that @Andrew Syrios and @Benjamin Aaker mentioned.It depends on your risk tolerance and ability to keep organized.
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1 July 2024 | 5 replies
A simple holding-operating LLC strategy is what I want, where the Holding LLC contains properties organized into series, and the Operating LLC collects rents.Thanks in advance
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30 June 2024 | 8 replies
Remember, no system is perfect, so avoid the temptation of constantly chasing after the next shiny object.
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2 July 2024 | 26 replies
Recognize being the GC is work, requires strong organization skills (especially with tight timelines), decent communication skills, and design skills.I have acted as GC many times and have done well on these rehabs but I recently completed a large rehab (completed mid May).
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1 July 2024 | 22 replies
A common objection I hear when speaking to sellers is that they'd love to sell to me subject to but it will affect their DTI when they go to buy a new house.