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5 August 2024 | 3 replies
Our priorities in terms of market is there needs to be- anticipated economic growth (lots of tech companies are moving into Columbus),- prices need to allow us to buy in all cash (400k or less, ideally up to 300k),- we want the area to be safe (when looking into places like Dayton, OH or Memphis, TN for instance it looks like all our boxes are checked on paper, numbers wise but we realized quickly there are a lot of unsafe areas and we could have the potential for problem tenants)- yearly expenses to be relatively low (i.e. we are avoiding NYC and the tri state area, California, etc. for having extremely high taxes).Is our initial analysis on the right track for Columbus?
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6 August 2024 | 4 replies
@Drew Herzog I wouldn't say an airport is extremely important.
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5 August 2024 | 7 replies
@Sokun So Joshua Tree is an extremely competitive market.
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5 August 2024 | 0 replies
Besides this, rather boring, pastime of writing code, I also happen to be extremely passionate about real estate, more specifically multifamily and I decided to launch a new project to develop an MVP of software solution that is tailored to the needs of property managers.
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6 August 2024 | 28 replies
Starting with smaller properties may give you vital experience and position you for success.Good luck!
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5 August 2024 | 4 replies
Are you able to field showings, take on liability, and get the highest amount for the property from extreme market knowledge?
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5 August 2024 | 13 replies
I bought my first rental when I was 21 (in 2017), 5 years before i bought my primary residence with my wife.I an extremely glad that I did so.
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8 August 2024 | 46 replies
I'm extremely grateful to have a community of real estate investors to reach out to for help.
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4 August 2024 | 5 replies
Keeping each LLC’s financials distinct helps prevent this risk.Insurance: Having adequate insurance coverage for each property and ensuring it aligns with the LLC structure can also be a vital component of risk management.Legal Counsel: Regularly consult with your real estate attorney to ensure your structure and practices align with your protective strategy.In conclusion, while running everything through your holding company might simplify bookkeeping initially, consider long-term implications and ensure you are safeguarding each property and your overall investment effectively.
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5 August 2024 | 9 replies
By that I mean issues arise that may not necessarily be your fault and when they do and a claim arises, the LLC not you personally will be listed as the defendant (unless you are dealing with a scummy attorney which is extremely rare regardless of what those using scare tactics to sell expensive asset protection systems may tell you).