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23 December 2024 | 10 replies
Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).
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14 December 2024 | 0 replies
I like the idea of pre-foreclosure especially, but have not found up to date data for that specifically.
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24 December 2024 | 14 replies
Here are a few tips:Asset Management: Holding your property in the LLC can protect your personal assets, but check with an attorney or CPA to ensure it’s set up correctly and complies with local laws.Rent Collection: Collecting rent through the LLC simplifies accounting and keeps personal and business finances separate, which is a big plus for taxes and liability.Property Management: Since you’re self-managing, the LLC can be used to formalize agreements, pay vendors, and manage expenses—treating it like a professional operation.Just make sure to consult an attorney or accountant to align your setup with your goals.
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17 December 2024 | 20 replies
@Chris Seveney - Where do you get your data on US treasury demand - per your "very weak demand" comment?
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27 December 2024 | 2 replies
You should speak with a CPA and a tax attorney to be safe.Regarding your thoughts about 1/3 equal splits - sounds good until you check out the cost of getting a DSR rehab loan or borrowing hard money.
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26 December 2024 | 7 replies
Lots of reasons for this...but you always want to check.
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25 December 2024 | 2 replies
Check out Meetup.com for some more ideas.
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27 December 2024 | 34 replies
I thought of selling back to the seller at the same price, and take the 12kish loss on repairs I doubt they will take it back.. check your note to make sure you dont have personal guranteesNoted, thanks Jay!
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16 December 2024 | 35 replies
@Eric Chappell - just started a trial to check on rentalhero and it's not a complete accounting system.