Excerpt:As far as I’m concerned, the biggest drawback to buy to let investors is the huge tax implications.

The strategy works, but it has it's major drawbacks.

The only drawback is that you have to rent the apartment at least 6 years after you finished the (one year) renovation.

Maybe you could get them to sell on an option at 170,000 if they are asking 200,000 but the draw back is you are investing money in property you do not own.

I talked to my attorney about it and he said that the biggest drawback to doing it that way is that if it's titled in the name of my LLC then I have to pay a PA corporate stock tax which is 9.9%.

If they do that, then the entire balance of the loan becomes due and payable within 30 days.Transfering the title into a Land Trust would cloak the title so the lender would not be certain of who actually is on title.The drawback with doing this (in my opinion) is when you go to refi or obtain a new mortgage for the property.

But as a landlord, are there drawbacks to these heating systems?

The only drawback is that you have to send the company the zip code of every town you want to put the bandit signs in.

Mitch, the carpet idea makes sense. i was thinking about that, but we tell them that we dont want people to walk on the carpet, that's why it's not changed. we tell them about it, just like that, that we dont want people to mess it up, and they nod in agreement and say "it makes sense"..it looks good, just has odor to it. maybe i can just change it and put plastic where people can walk on it.there's no space for a dishwasher.. it's not a large kitchen, not much of an option, in my opinion. maybe that's a drawback (but can't be the reason with the singles)here's the link, take a look at the pictures - http://onpointrentals.com/index.php?

What is the drawback of doing that?