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14 November 2024 | 12 replies
I’m here to learn, share, and network with like-minded individuals who are also on their path to financial independence.Looking forward to connecting with you all, learning from your experiences, and sharing my own journey as it unfolds!
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13 November 2024 | 7 replies
Quote from @Brian Gaiss: Hello, newbie to real estate investing, but looking forward to learning and networking with like minded individuals.
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12 November 2024 | 15 replies
What I meant to ask was where can I retrieve data/analytics on what is the demand for property types in my area?
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11 November 2024 | 16 replies
Do people like the individual hotel like bottles and soap?
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12 November 2024 | 2 replies
Get detailed quotes on these to ensure it’s cost-effective.Zoning & Permits: Verify that your current property allows additional homes and meets zoning requirements for multiple units.Rental Demand & ROI: Assess demand for singlewide rentals in your area to confirm it’ll be profitable after all expenses.If everything checks out, these could be solid additions to your portfolio.
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14 November 2024 | 9 replies
Yes, I would contact the pest control company and demand they pay the cost of repairing this.
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13 November 2024 | 4 replies
Here are some options:Demand Payment in Full for Damages: Ask your property manager to send a formal demand for the $5K in damages.
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13 November 2024 | 15 replies
As a self-employed 1099 individual, your best route is most likely DSCR.
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15 November 2024 | 13 replies
Separate LLC per Property: Maximizes liability protection but adds complexity and costs with individual tax filings.3.
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14 November 2024 | 5 replies
@Nold R.In addition to the great post from Dave, possibly consider an option where the property is taken out of the LLC sooner rather than later and held as tenants-in-common prior to the sale, possibly setting you up in a position to take your share of the proceeds and individually purchase a replacement property via 1031 exchange.