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12 July 2024 | 14 replies
An up to date tenant quality map would really help me make better decisions as I expand; I'm 100% remote from several states away.I plan on expanding my Akron and Canton holdings, but I might be convinced to start picking up properties in Cleveland too if the numbers work better with similar levels of managed risk.
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11 July 2024 | 17 replies
Within the next week, I had a plan to expand out of state.
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13 July 2024 | 6 replies
Mind you, all of my properties are worth more than their appraised value now, but during the Recession the City Manager got the bright idea that the way to easily raise revenue was to raise the appraisals, and they ended up higher than the resale value of those properties.
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14 July 2024 | 17 replies
While the scenario above will limit liability, your name is still all over the LLCs, so anyone looking to find you can do so easily.
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13 July 2024 | 13 replies
You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
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12 July 2024 | 5 replies
Assess if you have enough time for tasks like tenant screening and maintenance.Expertise: Professional managers know landlord-tenant laws and property maintenance best practices.Cost vs. benefit: Weigh management fees against potential savings and efficiencies professionals might offer.Property location: Distance from your home to the property matters.Number of units: More properties increase management complexity.Stress tolerance: Consider your comfort level with tenant interactions and problem-solving.Long-term goals: Professional management can free you to focus on expanding your real estate portfolio.
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14 July 2024 | 17 replies
High W-2 wage earners are generally more lender friendly as it's the 'most' consistent and/or easily documented.
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12 July 2024 | 10 replies
Looking to expand my investor network as none of my friends are interested in investing...
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12 July 2024 | 8 replies
You may want to consider working with your accountant remotely to expand your options.
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13 July 2024 | 10 replies
This can easily result in a situation where some states never collect tax revenue and other states collect more than they deserve due to mis-allocation of passive losses.For NC, it doesn't appear that the state tax code addresses this situation."17 NCAC 06B .3904 TAXABLE INCOME OF NONRESIDENTS AND PART-YEAR RESIDENTS(a) Nonresidents and part-year residents shall prorate their adjusted gross income, adjusted as required under G.S.105-153.5 and G.S. 105-153.6, to determine the portion that is subject to North Carolina tax.""