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8 August 2024 | 4 replies
As a result, in a public search, the governor name would be me.If I set up a Wyoming LLC and modify the Operating agreement to have my WA LLC to be 100% owned by my Wyoming LLC, I assume I would still have to list a natural person as the governor of the WA LLC, and my name would still show up there.
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8 August 2024 | 3 replies
Their PoE cameras are super easy to set up and operate.
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9 August 2024 | 18 replies
I plan to regularly re-evaluate and refinance properties to pull out equity for further investments without over-leveraging.12.Professional Management: I’ll consider hiring a property management company to handle day-to-day operations, freeing up my time for further investments and strategic planning.Additional ConsiderationI've considered using the BRRRR method instead of paying off the mortgage first.
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8 August 2024 | 2 replies
From a bookkeeping standpoint, this makes everything a lot easier as long as each financial account is used the way it is supposed to be used (no commingling).I would just caution you to think about the functionality of that structure within your day-to-day business operations before pulling the trigger on it.Make sure you're keeping things as simple and efficient as possible.
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9 August 2024 | 16 replies
I'm intrigued by actually running the syndication myself assuming I can build out systems and a team that allow me to operate it on "auto-pilot" as much as I can, but as you stated, I was not aware if other strategies have surfaced since I last looked into investing or whether syndication was still a viable option.
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8 August 2024 | 11 replies
They are often classified as operating expenses or maintenance expenses rather than capital improvements (assets).Washer/Dryer/Stove/Refrigerator: These are assets as they are considered durable goods that will benefit the property over an extended period.New Baseboards/Trim, Doors: These are generally considered assets because they enhance the property's value and are not typically replaced frequently.Furnace/AC: These are significant components of the property and are categorized as assets due to their long-term benefit.Paint, Light Fixtures: These can be a bit nuanced.
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8 August 2024 | 17 replies
Yeah, this seems like a perfect problem for a data scientist and clearly it would give a huge operational advantage if it was created.
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7 August 2024 | 14 replies
It depends on how the waterfall rules are written in the operating agreement.
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8 August 2024 | 11 replies
Our team helps a lot of out of state and out of town investors find properties that meet their needs (usually parking equity after a 1031 or moving equity from other real estate investments in other markets).Cashflow obviously depends on your LTV, but I would say the days of cash-flowing on an 80% LTV deal in this area are long gone, particularly with increased insurance rates and inflated operating expenses.
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10 August 2024 | 85 replies
Distance makes investing more challenging, as does seasonal occupancy and governments which operate differently and/or are less stable than our own(though our own government has not been a paragon of stability lately.)By investing in the Caribbean, you’re adding those challenges plus you’re throwing in the occasional hurricane.