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18 October 2024 | 7 replies
This phrase would concern me, outside of just using a form agreement - "in order to grow as quickly as possible."
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17 October 2024 | 0 replies
I've been looking at buying RV Parks, Boat Marines and or Mobilome parks, I've read that SBA and HUD do have loan programs in these areas.My question is who do I contact to help get the ball rolling and pre-qualificat...
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18 October 2024 | 3 replies
My intention was to minimize my reported taxable income after taking expenses against the earnings through the LLC.I don't see how this would benefit you tax wise.In fact, I would be concerned that by mixing personal business (rental property in your name) with the LLC that you could basically nullify the liability protection the LLC offers allowing anyone who sues you to pierce your corporate veil because of this co-mingling.
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17 October 2024 | 1 reply
Hi everyone, I am interested in hearing everyone's thoughts on the Platform Pacaso, I have noticed that it can inflate housing prices in some areas due to them being less concerned about paying a low price upfront and more focused on the overall profit they can generate through fractional sales and ongoing services.
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24 October 2024 | 36 replies
We kind of stumbled into it and keep stumbling as we go but not having a plan or framework for business is a major concern.
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18 October 2024 | 2 replies
If major issues or concerns are discovered, provide detailed information to the seller and either negotiate a discounted price or consider walking away from the deal.Due diligence is the backbone of successful real estate transactions.
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21 October 2024 | 10 replies
My wife does tell me about what I can say concerning the things I've learn and to be sure to not call it advice.
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23 October 2024 | 28 replies
Inform your LTR tenants about these rules and let them know they can report any excessive disturbances directly to you.Communication: Keep an open line of communication with your long-term tenants, so they feel comfortable voicing any concerns early on.Outdoor Amenities: If there's a shared yard or patio, think about dividing these spaces further to give both STR guests and LTR tenants their own zones.Protecting Your STR from Bedbugs:Mattress Encasements: Invest in high-quality, bedbug-proof mattress and pillow encasements.
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18 October 2024 | 2 replies
However, once you move out and rent both units, forming an LLC might be worth looking into for liability protection.2️⃣ Zoning concerns?
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17 October 2024 | 7 replies
Quote from @Alan Roth: I'm already concerned.