
16 February 2025 | 5 replies
At least ensure you are getting proper tax advice.C corp and s corp are both US federal tax concepts, not business entities.

4 March 2025 | 20 replies
I don't want to build the ship after it leaves the port.

28 February 2025 | 7 replies
Take ownership of your mistake and learn to do the proper due diligence recommended above😊https://www.biggerpockets.com/member-blogs/3094/91097-why-you-should-screen-a-pm-company-like-you-screen-for-tenantshttps://www.biggerpockets.com/member-blogs/3094/91878-how-to-screen-a-pmc-better-than-a-tenant-part-2-communication-and-documhttps://www.biggerpockets.com/member-blogs/3094/91879-how-to-screen-a-pmc-better-than-a-tenant-part-3-the-management-contr

4 March 2025 | 10 replies
While many of these partnerships can be fruitful, some turn out to be less successful, with unfortunate outcomes that could have been prevented with proper planning and safeguards.For instance, we recently encountered a case involving an investor, or "money partner," who contributed $650,000 to a real estate deal facilitated by another investor, the "developer."

20 February 2025 | 51 replies
Make an informed decision if you think people are properly trained?

22 February 2025 | 7 replies
Proper secondary escape/egress, ventilation, etc.

11 March 2025 | 6 replies
I can agree to keeping it simple, so many people are disappointed when I tell them that they can't combine all their LLCs under one subscription because that doesn't allow for proper Accounting Reporting and it would eliminate any Liability protection they thought they had, so now they have to pay for multiple subscriptions to get their books done correctly.

11 March 2025 | 11 replies
Texas is one of the most landlord-friendly states, but proper asset protection is still essential to avoid legal and financial risks.Do You Need an LLC to Rent a Property in San Antonio?

27 February 2025 | 11 replies
Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.

22 February 2025 | 9 replies
You likely don't have the net worth, proper LLC management or proper separation of personal interests to make this an effective approach. there numerous BP threads you can search to get more insights. tldr - keep under personal name and get a good umbrella plan.