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17 June 2024 | 26 replies
When you first started, did you have a mentor/business advisor that help guide you through your journey?
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20 June 2024 | 18 replies
I'm working to get my personal finances well established/understood, which I think will help me determine my best path forward.
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20 June 2024 | 4 replies
With that comes knowledge of the law, experience, skilled screening and selection, established policies and procedures that prevent problems or nip them in the bud, professional marketing, and so much more.
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20 June 2024 | 69 replies
I promise that I, at least, will hear you out.CAVEAT: There are a lot of things established investors try not to say on public forums.
19 June 2024 | 4 replies
-If not, then I wouldn't add $100k of 'Value' to the property just for having an established Pizzeria, since as a simple landlord, it all breaks down into the return calculations above (hinging on rent/mo from your tenants, whoever they are) which at your current estimates would leave you under-returning compared to a money-market account earning 5%.Now keep in mind, I have been discussing the long-term hold return of this investment.
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19 June 2024 | 10 replies
I would check a local RE attorney perhaps, every state has different rules for establishing residency.
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18 June 2024 | 8 replies
Just some things to think about to help you ask questions of your professional advisors if you pursue this path.
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19 June 2024 | 3 replies
Each designated LLC has its own governing documents establishing its members, managers, and membership interests.
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18 June 2024 | 11 replies
To begin, figure out what you want, look at your money, learn about the market, think about living in one of your investments, talk to a real estate expert, money advisor, or a guide, and keep getting info about real estate through books, podcasts, web talks, and sites like BiggerPockets.Good luck!
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20 June 2024 | 13 replies
You need to establish relationships first and people need to know you.