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8 February 2025 | 13 replies
Most professionals will recommend a separate LLC for every $1 million in assets, but I don't think that's necessary.
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27 January 2025 | 6 replies
Readers should seek professional advice.
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21 January 2025 | 1 reply
I recently came across 1 acre asking for 314k in a very good residential and growing location, so the current owner has added 4 manufactured homes with 4 electrical meters, 4 septic tanks and only 1 water meter for all 4 homes, the homes are sitting on partial slab and partial pier & beam, he also added 2 storage sheds approx. 380sqft with the intention to make them ADUs they are still only the shell so I would have to get those ready to live in, so currently the 4 manufactured homes are being rented and bringing in 2800k a month, 3 of the homes are needing some TLC which could increment rents and possibly get me at 3600k a month, also being a 1ac lot this still leaves about 12,000sqft of raw land where you could build etc.So that is on the good side now the things I did not like so much, the lay out is poorly executed to where it makes it looked crammed up and not professional but it could be fixed.Another is that in reality there is only 4 livable units so that qualifies under a conventional loan but since they're are 6 units on the property the banks are wanting to take it as a commercial so we would have to move out the 2 storage sheds out in order to close as conventional.Another concern, technically you are only allowed to have one manufactured house or single wide in your property according to what I know but I know it could change according to zoning which I will investigate, so my question is has all this been accounted for and if so how can I verify it so it wont leave me in a bind further down the road, I currently asked my agent for the appraisal of the property to see if that might verify.Any recommendations?
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4 February 2025 | 17 replies
Regardless of legal nuances, I can tell you from extensive professional experience: Don will WIN an IRS audit for his Subject-to interest, as long as he can show that he made the payments.
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26 January 2025 | 5 replies
You can be assertive and still be nice/professional.
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16 January 2025 | 0 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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24 January 2025 | 2 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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30 January 2025 | 13 replies
Here are a few do’s and don’ts that saved me time and headaches:✅ Do invest in professional photos.❌ Don’t ignore guest communication—automate it!
17 January 2025 | 7 replies
It could indicate they lack sufficient knowledge or experience in professional property management, which may lead to costly issues for you down the line.
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6 February 2025 | 9 replies
I actually think it is a benefit to both parties to have professional representation to assist the seller and buyer with these types of transactions.