Account Closed
Landlord insurance claim
26 December 2024 | 1 reply
But they had issued insurance on day I applied.
Torrean Edwards
TR, I am an investor from Milwaukee.
27 December 2024 | 27 replies
One of the biggest challenges of investing in Rustbelt cities is knowing where to invest and properly understanding the cooresponding pros & cons.Here's copy & paste advice we share to help to address this challenge:-------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?
Reyna Ayala
How many bank checking /saving accounts are needed as a first time landlord
8 January 2025 | 10 replies
When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or refund the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account designated explicitly for future investments.
Jason Mergl
Building a Team in Albany Area
14 January 2025 | 21 replies
Knows real estate tax write-offs and how I can best apply them!
Brandon Larson
Please Help: Property Management Policy Binder
1 January 2025 | 4 replies
As a sole operator, you have all the policies and procedures in your head and can apply them to many properties without referring to a binder.
Benjamin Carver
Short Term Rental & Mid Term Rental Strategies for Raleigh-Durham NC
13 January 2025 | 12 replies
We are in the top 10 fastest growing big cities right now, so families and singles are constantly flying in to check out the area.Raleigh allows short term rentals if you apply for a license.
Arron Paulino
Potential Garage ADU
6 January 2025 | 5 replies
This initial negative equity position consumes the initial cash flow. 2) the addition of the adu makes the property multi family and likely makes rent control apply.
Michael Challenger
First Time (Potential Buyer) Seeking Advice on House Flipping in Charlotte, NC
7 January 2025 | 5 replies
I am looking for advice from seasoned house flippers, both in my local market and otherwise with a track record of success; or even with sound wisdom that can be applied to this potential deal.
Zachary Young
Where To Buy My First Rental Property
19 January 2025 | 52 replies
Quote from @Michael Smythe: @Zachary YoungRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Nick Am
Setting up a management S-corp for managing rental property owned by an LLC
18 January 2025 | 7 replies
The ordinary income tax on income passing through LLC-B applies on the income AFTER retirement contribution, home office deduction etc, which will make the income nearly zero and hence leaving only the SE taxes and NO income tax.