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Results (10,000+)
Jordyn Gegg Setup Holding/Management Company?
11 November 2024 | 5 replies
@Jordyn GeggIf you mean like property manage then you would need to get licensed and insured for each property since this new LLC does not own themI would not take on the Burden or expense of setting up another LLC for something like this since it doesn’t gain you anythibg
Matthew Posteraro How do I get involved in Real Estate while I begin to save money for a down payment?
14 November 2024 | 10 replies
There's no better person to follow right now.Check out Set for Life by Scott Trench.
Robbie Shiver Short Term Rental Alternatives? Need Help/Ideas
15 November 2024 | 17 replies
I also use Pricelabs, which takes some configuring up front, but I have it set to only allow monthly stays up until about a month in advance.
John T. How Successful OOS investors solve this
12 November 2024 | 2 replies
I invest OOS, and I know I can outsource a Call center to get my calls and set the appointments with the sellers that are interested .
Mitchell Gunlock How do I budget time
13 November 2024 | 5 replies
At some point you have to accept that your first attempt may not be perfect, but if you set some guidelines and narrow your focus down to something that's achievable you should be on your way pretty quickly.
Chinelo Ononye Excited to Join the Community
12 November 2024 | 9 replies
Any specific goals set up for 2025?
Kyle Deboer What are some things you wish you did before you started in real estate
12 November 2024 | 5 replies
Read books like Set for Life by @Scott Trench and Start with Strategy by @Dave Meyer to get the mindset of starting on the table before going too deep into an asset class or something like flipping.
Leon Lee MTR vs. STR
13 November 2024 | 8 replies
One thing that might help is building the cost of that deep clean into the lease or setting a minimum stay to offset expenses.
Jared Smith Should we keep our home as a rental
14 November 2024 | 25 replies
Thanks,JaredI'd only pursue this if there is an big upside for appreciation, or if you planned on keeping the house forever as a rental.Run the numbers, subtract 15% a year for vacancy and on going maintenance and repairs during each year, subtract 15% per year for maintenance and repairs to get it market ready once you decide to sell it.Example if you were to keep it for 5 years and sell at the end of five years:12x$200=$2400 year gross profit15% for vacancy, maintenance, repairs ($-360.00 per year)= $2040 gross profit per year15% set aside to repair, repaint, replace to get ready to sell on market = $1800 $7000-$8000 net for 5 years of rental.Appreciation over the term you would keep it would be the only incentive, and it could be a big reason why to rent it.
Mitchell Gunlock Land with ADUs
13 November 2024 | 8 replies
What do you all think about buying undeveloped land and setting up ADUs to rent out?