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20 May 2024 | 6 replies
Collin County seems to be over price, the same than Denton County, though you could find some deals there is always a challenge to find the right one.One thing to take in mind is the maintenance cost, Fort Worth has older houses that will cause issues on the maintenance, if you are looking low maintenance you will need to look a few and identify how you fell comfortable.
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20 May 2024 | 3 replies
They will help you identify areas and properties that are trending favorably and have relationships with contractors to help you and your investors maintain and fix their properties.
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19 May 2024 | 2 replies
I am very interested in investing in real estate in Memphis and am currently seeking professionals who can assist me in this endeavor.I am looking for experienced real estate agents, contractors, and appraisers who can help me identify and secure properties with great investment potential.
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24 May 2024 | 100 replies
Popular destinations are pretty easy to identify and well-run STRs will always thrive there.
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19 May 2024 | 4 replies
This means identifying your investment goals first, then choosing a market that aligns with that strategy.
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20 May 2024 | 28 replies
It is the removal of the assets within the Corporate Tax Structure to a Non Corporate Tax Structure.The article you cited is entirely about changing the state legal structure, the article does not discuss any of the ramifications of also changing the federal tax structure.It's all starting to make sense now -- thank you.You identified my confusion.So, while my (reasonable) goal is to move the ownership of the property from the corporation to a pass-through entity, it is exactly that process that triggers to the capital gains liability, right?
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19 May 2024 | 90 replies
Originally posted by @Dominic Mendolia:I have identified a property that would be perfect for assisted living or nursing home.
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18 May 2024 | 9 replies
Some of those building had extreme structural damage that would need to be identified by an engineer or architect.
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18 May 2024 | 2 replies
Let's explore some effective approaches for managing investment properties:With a Property Manager:Screening and Selecting Tenants: Entrust your property manager to handle tenant screening, background checks, and selection, ensuring reliable renters for your investment.Rent Collection: Property managers can ensure timely rent collection and handle any late payments or lease violations professionally.Maintenance and Repairs: Delegate routine maintenance tasks and repairs to your property manager, who can coordinate with contractors and vendors to keep your property in top condition.Tenant Relations: Property managers serve as the primary point of contact for tenants, addressing their concerns and ensuring a positive rental experience.Lease Enforcement and Evictions: Trust your property manager to enforce lease terms and handle the eviction process if necessary, following legal procedures.Financial Management: Property managers can handle financial tasks such as budgeting, accounting, and financial reporting, providing you with regular updates on property performance.Without a Property Manager:Self-Management: Take on the responsibility of managing the property yourself, handling tasks such as advertising vacancies, screening tenants, and collecting rent.Outsourcing Specific Tasks: While not hiring a full-time property manager, consider outsourcing tasks like maintenance and repairs to trusted contractors or service providers.Utilizing Technology: Leverage property management software and online platforms to streamline processes such as rent collection, lease management, and maintenance requests.Establishing Clear Policies: Set clear policies and procedures for tenants regarding rent payments, maintenance requests, and lease terms to minimize conflicts and misunderstandings.Regular Inspections: Conduct regular inspections of the property to identify maintenance issues or lease violations early on and address them promptly.Building Relationships: Maintain open communication and positive relationships with tenants to foster a sense of community and encourage better care of the property.Whether you choose to hire a property manager or manage the property yourself, effective communication, attention to detail, and a proactive approach to property management are key to maximizing returns and maintaining the value of your investment.
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19 May 2024 | 20 replies
I take this very seriously and I really want to make this activity an integral part of my life.I have identified one huge gap in the subjects they cover.