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Results (10,000+)
Marc Shin need recommendations for curtain colors and rug colors
1 January 2025 | 22 replies
I would look at other people's STR photos for ideas or consult a designer.We bought stuff from Lazyboy and they had a designer on staff to help us pick out stuff.
Tar-U-Way Bright How could I use my LLC
24 December 2024 | 14 replies
Here are a few tips:Asset Management: Holding your property in the LLC can protect your personal assets, but check with an attorney or CPA to ensure it’s set up correctly and complies with local laws.Rent Collection: Collecting rent through the LLC simplifies accounting and keeps personal and business finances separate, which is a big plus for taxes and liability.Property Management: Since you’re self-managing, the LLC can be used to formalize agreements, pay vendors, and manage expenses—treating it like a professional operation.Just make sure to consult an attorney or accountant to align your setup with your goals.
Virginia VanOeveren As a PML, you should....
19 December 2024 | 9 replies
Ensure compliance with local laws, start with smaller loans to gain experience, monitor your investments regularly, and trust your instincts as you navigate this venture.I myself, as a PML.
Greg Strunak Cash flow/ passive income
30 December 2024 | 6 replies
For consulting with a CPA.As mentioned above you can simply take monthly distributions, but what is most important is how you are set up. 
Michael Plaks EXPLAINED: sending 1099s to contractors and vendors
15 January 2025 | 13 replies
Consultants, inspectors, and mentorsProperty managersAssistantsBookkeepers, accountants, and attorneysLandlords if you rent your office spaceYour business partners if you paid them (except if they were strictly lenders)Disclaimer about wholesalers: it is a controversial issue, with some of my colleagues claiming that wholesalers do not need 1099s.
Ryan S. Advice on Specific Performance for Breach of Real Estate Contract
26 January 2025 | 43 replies
He determined the price and terms for the property, and according to the agents involved, he consulted with accountants and attorneys before signing the contract.
Robert Frazier From Zero Single Family Investments to 52 units in development.
29 December 2024 | 9 replies
I've learned a ton about syndications, partnerships, funding for construction, the development process and so much more about managing consultants than I will ever care to admit. 
Corey Davis Operationalizing & Scaling
31 December 2024 | 5 replies
Prioritize properties with strong rental potential and set aside reserves to handle unexpected costs.Finally, familiarize yourself with tenant laws in your target market, especially in Portland, and consult a real estate-savvy CPA for tax efficiency and legal considerations.
Garrett Brown A very simple way to increase your ROI inside your STR
9 January 2025 | 35 replies
Obviously, I'm not a lawyer and should consult with one before.
Carl Rowles Flooded House-Plz Help
29 December 2024 | 14 replies
After assessor comes out and consults with insurance company, they'll send demo guys out to come do demo work and remove wet drywall, insulation, etc. they'll usually put down dehumidifiers and let the place air out a bit to see what actually needs replacing and what was able to dry out.