
2 July 2024 | 12 replies
Similar for a shower with a proprietary enclosure and a Schluter system and fixtures which bear an enormous discount to plumbers and installers.Paying the GC on day one for these things does not reduce the risk to the GC unless it is established in the contract that materials are paid upon delivery to the site.

1 July 2024 | 6 replies
My advice would be establishing a system intended built for volume.

29 June 2024 | 0 replies
How do we establish an address to use in Delaware so we can utilize the benefits of a series LLC?

29 June 2024 | 7 replies
I found a condo I like that already is an established STR.
28 June 2024 | 10 replies
Converting your single-family home into a rental property involves several considerations to protect yourself and ensure smooth operations: Establish an LLC:Liability Protection: Holding the rental property in an LLC can protect your personal assets from potential lawsuits related to the property.Tax Benefits: An LLC can offer tax advantages, such as pass-through taxation, where rental income is taxed at your individual income tax rate.Insurance:Landlord Insurance: Ensures coverage for property damage, liability claims, and loss of rental income.Umbrella Policy: Provides additional liability coverage beyond your landlord insurance, offering extra protection.Deductions:Mortgage Interest and Property Taxes: Continue to deduct these expenses.Depreciation: Depreciate the cost of the property over 27.5 years, excluding the land value.Maintenance and Repairs: Deduct costs related to maintaining the property.Property Management Fees: Deduct fees paid to the property manager.Filing Taxes:Schedule E: Report rental income and expenses on Schedule E of your tax return.Separate Accounts: Maintain separate bank accounts for rental income and expenses to simplify bookkeeping.Lease Agreement:Solid Lease Terms: Ensure your lease agreement is thorough, covering rent amount, due date, late fees, maintenance responsibilities, and eviction terms.Legal Review: Have the lease agreement reviewed by a real estate attorney to ensure compliance with local laws.Tenant Screening:Background Checks: Perform credit, criminal, and eviction history checks on prospective tenants.References: Contact previous landlords and employers for references.Property Management:Regular Inspections: Schedule regular property inspections to ensure it's being maintained properly.Maintenance Fund: Set aside a reserve fund for unexpected repairs and maintenance.Moving Out of State:Communication: Maintain open communication with your property manager.

30 June 2024 | 3 replies
Do you intend to manage the assisted living yourself, do you intend to hire management, or do you intend to master lease to an established assisted living management company?

29 June 2024 | 1 reply
I am trying to get some sustainable builders established in a "spec home" subdivision.

1 July 2024 | 22 replies
After a seasoning period, including EOY tax forms, you may be able to help establish for the seller they are not responsible, but the main message is-this is not a strategy for a vanilla listed Jack and Jill Homeowner that needs to buy again right away deal.

2 July 2024 | 108 replies
Going back to intent, a good and established wholesaler should have not so much intent as ABILITY to close.

29 June 2024 | 11 replies
Hi Yulia, Best growing and less insurance is definitely North Port, Cape Coral/Port Charlotte more established better cash flow and more rent reliable.