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Results (10,000+)
Philip Beckwith Any opinions on buying rentals in Grand Rapids?
7 May 2024 | 7 replies
This may mean picking up something that needs work or something that has a unique issue that turns homeowners away that you might need to fix at some point, but it's possible to still make money in GR.
Simon Everett Advice on Studio vs. Traditional STR | Branson, MO
6 May 2024 | 12 replies
I would argue that the three biggest things that differentiate a hotel room from an Airbnb are uniqueness, a washer/dryer and a kitchen.
Ryan Ness Lawn Care! How much is your average cost?
6 May 2024 | 1 reply
I am under contract for my second duplex, and am thinking it will be time for me to begin hiring out lawn care, as I do not plan to have means to transport equipment between properties or dedicate time to a low value task.
Joe Pizzo Hello From Michigan
5 May 2024 | 7 replies
Joe, it looks like you're in Detroit.Lucky for you you're in what I firmly believe is the most unique and interesting market in the country today.Detroit is going through a huge revitalization, most folks don't understand it yet, and properties are still cheap as a result.Start doing your research on the city and making some moves in the city.
Neil Stark House Flipping in the Allentown Area
6 May 2024 | 2 replies
Towns like Slatington, Jim Thorpe, and Palmerton (as you know) offer unique advantage due to their proximity to the center of town, but are commutable and more attractively priced. 
Zachary Engen New investor looking for advice in oregon
6 May 2024 | 3 replies
Starting your journey with a BRRRR strategy is ambitious and offers a solid path to building your investment portfolio.From my experience, if you're considering both the PDX metro and Salem areas, each has its unique advantages depending on your investment goals.
Olu Efunwoye Cap rates in determining MF property value
6 May 2024 | 6 replies
Every person and situation can be unique.
Shannon Garst Need advise on setting up an LLC
7 May 2024 | 13 replies
Let's break down the pros and cons of each approach:Forming an LLC in the State Where the Property is Located:Pros:Compliance with Local Laws: Establishing an LLC in the state where the property is situated ensures compliance with local regulations and laws specific to that jurisdiction.Legal Clarity: It provides clear legal jurisdiction and may simplify any legal proceedings related to the property in that state.Perception: Operating with a local LLC may give tenants and local authorities confidence in your commitment to the community.Cons:Additional Costs: Setting up and maintaining an LLC in another state means incurring additional registration fees, taxes, and possibly hiring local legal counsel.Administrative Burden: Managing multiple LLCs across different states adds complexity to your administrative workload, including extra paperwork and compliance requirements.Tax Implications: You may face tax obligations in both the state where the property is located and your home state, potentially leading to double taxation or complexities in tax filings.Managing Through Home State LLC:Pros:Simplified Management: Handling all properties under a single LLC streamlines administrative tasks, reducing paperwork and simplifying tax filings.Cost Savings: Avoiding the need to establish multiple LLCs in different states saves on registration fees, legal expenses, and ongoing maintenance costs.Consistency: Uniformity in management practices and legal structures may contribute to efficiency and ease of operation across your real estate portfolio.Cons:Legal Exposure: Operating out-of-state properties under a home state LLC may expose your personal assets to the laws and liabilities of the other state, potentially diminishing the liability protection the LLC offers.Compliance Challenges: You'll need to ensure your home state LLC meets the legal requirements for conducting business in other states, which could involve additional filings and fees.Perception and Credibility: Some tenants or local stakeholders may prefer dealing with a landlord who has a local presence, which could impact your reputation or relationships in the community.Ultimately, the decision depends on your specific circumstances, risk tolerance, and long-term goals.
Sung H Kim Mentorship program for $40k
9 May 2024 | 65 replies
Taking time to write out a plan, instead of being handed one; self discipline as opposed to having a set of tasks done before my next check in with the "teacher." are probably equally effective if you take two people with the same level of motivation each prepared to invest the same dollar resources in their venture. 
Richard Chover So Cal - Considering getting into STR, is it really worth it?
6 May 2024 | 5 replies
As competition increases you'll have a unique value proposition.