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3 March 2025 | 11 replies
@Tom Grieshammer if you go the buy a rental option, be careful that you fully understand what you buy!
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18 February 2025 | 6 replies
I have purchased one duplex using my own money and am looking to scale but wanting to leverage OPM or low or zero downpayment funding options.
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14 February 2025 | 7 replies
We are renting them on Airbnb and on our site as wedding but yes Airbnb does not have that option yet.
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24 February 2025 | 49 replies
Curious if there are software options for managing both types of rentals.
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28 February 2025 | 2 replies
If you want to stay in your house, then your only option would be to leverage equity which will probably be in the 8-10% interest rate range.Not knowing the entire situation, I think you could consider downsizing and then using the proceeds to buy a 2-4 unit property and start making $40-75K right away with still no debt.
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25 February 2025 | 11 replies
There are pros and cons depending on your goals.Why an LLC Might Be a Good Move• Helps protect your personal assets in case of a lawsuit• Makes it easier to bring in partners in the future• Keeps your real estate finances separate from personal accountsWhy It Might Not Be the Right Move Just Yet• Most traditional lenders will not give a mortgage to an LLC, so you may have to use commercial or DSCR loans, which usually have higher rates• Some people assume an LLC will save them money on taxes, but rental income is still taxed as pass-through income for most investors• There are extra costs like annual filing fees and bookkeepingA lot of new investors get stuck on this decision, but the reality is, you can always start out in your personal name and transfer properties into an LLC later.One more thing I wish someone told me early on is that property management takes more time than you think.
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9 February 2025 | 11 replies
They are great sellers, but then want you to pay extra pretty much for EVERYTHING!
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24 February 2025 | 2 replies
Do we see text blasting as a viable option for marketing?
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2 March 2025 | 2 replies
The best option depends on your goals, liability concerns, and tax strategy, with LLCs often offering the most protection.Talk to an attorney.
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26 February 2025 | 16 replies
@Devin James Another option to consider is to pay the seller a bit more but receive a lengthier settlement period.