John S.
Is this the proper way to run a portfolio with multiple LLC's?
4 August 2024 | 5 replies
If a legal issue arises with Property 1, only that property’s assets would be at risk, protecting the equity in Property 2 and any other properties you may own.Asset Isolation: Isolating each property in its own LLC helps protect your assets from creditors or lawsuits targeting a specific property, thereby providing a more robust legal shield.Financial Management and Bookkeeping:Regarding your concern about financial management and the practicality of handling multiple LLCs:Centralized Banking: Using a holding company’s business account and credit card can simplify your bookkeeping.
Paige Kehoe
Back office systems and tools for self property management
3 August 2024 | 10 replies
Yes I've found I'm in this funny spot where I'm too big to string together a few softwares, but not big enough for an AppFolio or very robust platform.
Michael Keith
5 Main Reasons Why the Real Estate Market Won't Crash
7 August 2024 | 73 replies
Strong Housing DemandDemand for housing remains robust, driven by factors like population growth and demographic shifts.
Pat Griffith
7 Reasons Why the Midwest is a Great Place to Invest
31 July 2024 | 3 replies
Strong rental markets: Many Midwest cities boast robust job markets and growing populations, creating steady demand for rental properties.4.
Sonia Jones
Restaurant Purchase Program Options?
29 July 2024 | 1 reply
Lenders are most picky about restaurants because they are really easy to kill.The lender doesn't require the restaurant to be owner-operated, but they'll need proof that your management staff has a robust resume in the field as well.I'm not sure what you mean by an "arm's length" transaction.I hope that helps.
Gavin Sorensen
Navigating the Luxury Land Market in Paradise Valley and Scottsdale (Arizona, AZ)
29 July 2024 | 0 replies
Networking, Valuation, and Market TrendsBuilding a robust network is essential for thriving in the competitive land investment market, particularly in high-demand areas like Paradise Valley and Scottsdale.
Kevin G.
Seeking Advice: Real Estate Platform for Deal Posting vs. Investment Partnerships
29 July 2024 | 0 replies
This would include user verification, deal posting, and investment tracking.Pros:Higher potential for user engagement and transaction volume.Addresses a more significant need in the real estate investment space.Potential for greater revenue through transaction fees and premium subscriptions.Cons:More complex to build, requiring robust user verification and secure transaction handling.Higher initial investment of time and resources.I have already received strong positive feedback from my Dealsletter subscribers, with many expressing interest in a more comprehensive platform.
Jenna Meditz
Best All-In-One Property Management Software for First time Landlord?
29 July 2024 | 11 replies
Their platform is robust enough for all basic landlord/tenant needs—rental advertising, screening, applications, rental payment, document storage, maintenance requests, etc.
Frank Barletta
Reviewing Parma, OH for Investment Opportunities
27 July 2024 | 19 replies
This combination of affordability, economic stability, and location makes Parma compelling in my research.Taking a deeper dive into the rental market here, I thought this could be a unique investment opportunity because, despite a seemingly low occupancy rate of 23.90%, the rising rental rates highlight a robust demand for single-family homes (SFH), presenting a lucrative avenue for investors like us.The Key Growth Indicator: A significant uptick in SFH building permits during 2022 and 2023 screams a burgeoning market ripe for investment.Property Highlight: Zooming into the zipcode 44134, let's examine a promising investment with this single-family home.3104 Liggett Dr, Parma, OH 44134 On this property, I calculate an ARV estimated between $107,000 and $115,000.
Nilusha Jayasinghe
Tenant screening- credit scores and SSNs
25 July 2024 | 14 replies
It is pretty robust and the resident score is indicative of the credit score.