Data Transfers in Cross-Border Real Estate Transactions:In an increasingly globalized market, cross-border real estate transactions are more common, especially in the commercial sector.

Hi everyone, I was wondering if anyone has some common mistakes to avoid when first starting out in long term multi-family rentals.

Change PMCs as necessary.Move and rent out your unit.In high-priced areas, it is common for properties to negative cashflow until rental increases outpace increases in taxes and insurance.

Bad idea.It is common for new tenants to ask for an change to the move in date ahead of the start of a lease.

Hey Marcus, It’s common for Qualified Intermediary (QI) agreements to have provisions that protect the QI, but some of the terms you’ve outlined do raise concerns.

I don't advertise on Craigslist and FB marketplace-I rely on word of mouth  so people know before they come to my house they WILL be tested multiple times a week and WILL have to go to AA meetings, do their chores and be a TEAM player with the rest of the house. 

These are small vintage buildings but we have fully renovated and updated all of the units and common areas.  

It’s impossible to advertise a contract without also advertising the property itself, which you can’t do without a license. 

Some common questions include how to choose the right markets, especially with inflation affecting affordability and returns.

I was advised to advertise it where 1031 exchange properties are listed in Florida, but I am not finding what I am looking for.