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23 January 2025 | 11 replies
This is a fine needle to thread because at this size, you very quickly start competing with high net worth individuals who are seeking summer homes.
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5 February 2025 | 16 replies
Typically a few types of PMs out thereThe individual agent, little to no staffThe PM company that's a set it and forget it, glorified rent collectorThe PM company that's a true partnerI would on top of the suggestions abovesearch for a PM that owns their own portfolio tooThey treat your asset like they treat their own portfolio- There should be a full staff and readily available to answer the phone1.
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6 January 2025 | 5 replies
There's some excellent relevant & recent material from very high quality individuals on this forum.
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21 January 2025 | 18 replies
I would echo this, it is a great REIA and the best place to find local, like-minded individuals and resources.
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16 January 2025 | 7 replies
In a 1031 exchange, does the replacement property need to be more valuable than the total sale price of the deal I sold (including other investors), or just my individual portion of the investment?
9 January 2025 | 0 replies
Understanding the IRS disaster relief provisions is crucial for residents seeking financial recovery.Under IRS guidelines, individuals and businesses in areas designated as federally declared disaster zones by FEMA may qualify for special tax relief.
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10 January 2025 | 16 replies
These costs for most of the individuals are considered personal in nature (unless you have a RE portfolio that is run like a business; see below).
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21 January 2025 | 7 replies
Also keep in mind that if the concern is lawsuits, they can still name you individually in a suit and it is just another battle.
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14 January 2025 | 4 replies
NET 30), etc. and you can use this project-specific agreement as an addendum for individual jobs.Final Tip: Treat the contract as a transparent, collaborative tool to set expectations, not as a "gotcha" document.
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4 January 2025 | 4 replies
I’m waiting to hear back from a city representative to see if it’s possible to divide the lot into multiple lots and put a mobile home on each lot.Once the land is paid off and divided, is it possible to use each lot as collateral for its individual mobile home?