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20 July 2024 | 10 replies
Hi Shrijan,Welcome to the forum.Personally, I'm not a fan of out of state BRRRR.On paper it all sounds good and great but I've been in the game long enough to have witnessed otherwise.I would always advise doing BRRRR in your own market if possible.There are too many links to a chain with this approach and if one link is faulty, you chain becomes useless.Otherwise, (Yes, I'm bias lol) an alternate solution is buying turnkey.Wishing you much success
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18 July 2024 | 4 replies
Your name would not go on anything, just need someone to review and advise on best course(s) of action.Also, not sure if there are nuances with California but experience with that state would be a plus as a noticed this: https://www.ftb.ca.gov/file/personal/reporting-like-kind-exc...Thx!
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18 July 2024 | 11 replies
They can review your specific situation, the lease agreement, and advise on the best course of action.
17 July 2024 | 1 reply
They would be able to give you advise on that.
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16 July 2024 | 8 replies
Hello! Does anyone have any suggestions for banking and/or accounting solutions specific for STR management companies?Would love to know how others in this space have their banking setup (specifically for trust accoun...
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19 July 2024 | 17 replies
They advised to go through the title insurance.
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19 July 2024 | 12 replies
Actually, I advise my clients to not pursue 0% owner financing at all, but it's a matter of personal choice.2.
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18 July 2024 | 6 replies
We are in the process of evaluating the impact of the subpoena on the company, and during such time we have been advised by counsel that the company should suspend the monthly payment of distributions.What does this mean for investors?
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18 July 2024 | 7 replies
I would suggest seeking some additional advise, but I always tell everyone to start out correctly from the beginning.
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18 July 2024 | 23 replies
I don’t advise because you potentially could get kicked off of a platform but as the owner you are not losing occupancy control because of a legally binding agreement.