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30 April 2024 | 5 replies
MLS websites aren't the most reliable, and I want to make sure I'm accurately calculating the ARV.
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30 April 2024 | 9 replies
Hey @Amir J Reichental, There are small pros and cons to this: Home Address:Pros:Privacy: Providing your home address keeps your personal information private, as it's not tied directly to your business.Convenience: If you're already receiving mail and other communications at your home address, it may be more convenient to keep everything in one place.Cons:Risk: Using your home address exposes it to potential risks associated with the property owned by the LLC, such as lawsuits or creditors targeting your personal assets.Tax Implications: Depending on your jurisdiction, using your home address could have tax implications, especially if you're claiming any tax benefits or deductions related to the property.LLC Address:Pros:Asset Protection: Using your LLC address helps separate your personal assets from your business assets, providing an extra layer of liability protection.Business Image: Using the LLC address for business-related documents can help establish credibility and professionalism for your company.Cons:Public Record: LLC addresses are often part of public records, which means they may be more accessible to anyone who wants to find information about your business.Mail Handling: If you don't have a physical presence at the LLC address, you'll need to ensure mail forwarding or a reliable method of receiving important documents.Ultimately, the decision depends on your specific circumstances and priorities.
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2 May 2024 | 31 replies
Not as reliable or accurate as the above method.
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30 April 2024 | 2 replies
My aim is to not only profit financially but to gain in the process some intangible assets, such as project management skills, getting to know reliable professionals (i.e. realtors, contractors, designers, etc.) for the long-term, getting acquainted with the local market's promises and pitfalls, and basically adding some entrepreneurial muscle going into my next project.My strategy is to go small: find a second-hand apartment in a good location (I don't have enough funds for a GREAT location...); no more than 60-70 m2 (that's about 650-750 f2) to, among other things, lower renovation costs; 1-2 bedrooms, street facing and with a lift (if said apartment is above the second floor); with good bones, i.e., needs only partial renovation.
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2 May 2024 | 45 replies
You need a handful of good-quality loans from a few reliable brokers.
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30 April 2024 | 11 replies
It's crucial to find a trustworthy agent and then enlist a reliable company to manage the property, especially if you're not local.
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30 April 2024 | 54 replies
The bill contains technical amendments and is identical to SB 358.”
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29 April 2024 | 8 replies
Maybe become an agent and help them find deals or maybe they need a reliable PM , etc.
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30 April 2024 | 28 replies
Sourcing and maintaining reliable and affordable contractors without scale (although my 3rd party PMs have the same issue).
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29 April 2024 | 5 replies
The qualified intermediary will also manage all of the funds during this transaction, so you want someone trustworthy and reliable in that aspect too.