
8 October 2024 | 10 replies
There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

9 October 2024 | 12 replies
Working with a team that does all this in house is essential because there's a level of accountability that comes along with it.

8 October 2024 | 0 replies
It may also affect rental prices, as landlords try to offset these costs.Rent Adjustment: During inflationary periods, mid-term rental strategies should account for shorter leases, which allows for quicker rent adjustments to match rising costs.3.

7 October 2024 | 6 replies
Know the lenders requirements for the loan types you will need.For instance you may find you need to have liquid cash of 9 Months P&I and 100% of the loan amount as your personal net worth in order to avoid personal guarantees on the loan, and your retirement accounts may not count towards your liquidity.Know the requirements of the loan products for the apartments you want to buy.There are no books for that, that I know of--just lenders info.Because without that all else is just scholastic exercise.Good Luck!

8 October 2024 | 12 replies
. - Accounting, not mentioned, but make sure you can confidently run the trust accounting and security deposit which is compliant with state code. - VAs, I don't think this is necessary for 30 doors, but depends on how much availability you have and how time consuming these properties will be.

4 October 2024 | 16 replies
Usually those who caution offer cautionary tales because they learned first hand the difficulties in growing a scalable and PROFITABLE portfolio this way.

7 October 2024 | 15 replies
Go to a community college and take classes in accounting, finance, and real estate, math, and work towards a degree.

8 October 2024 | 13 replies
@Kevin Hintz yeehaww interest rates are lower and saving account growing for capital and I have chosen couple of class A and B neighborhood in Myrtle Beach, SC and the Washington DC areas to buy from; also met some realtors and getting familiarized with those area landlord/tenant laws.

7 October 2024 | 3 replies
@Pat Aboukhaled wife & I have thought this would be a great use of failing malls for affordable housing.Unfortunately, as @Greg Scott points out, many people take the path of least resistance, which can ruin the idea.So, you'd want security cameras and maybe even security guards to hold residents accountable.

8 October 2024 | 22 replies
You can walk away from it and the tenant can sue you to hold you accountable to the lease.