2 September 2024 | 9 replies
Sometimes if you are renting the unit and it is not insulated properly, then you hear footsteps and conversations from next-door units, so tenants complain a lot, but there is not much you can do.Also, one time the unit above mine leaked water into my unit, and the HOA said I needed to talk to people living above mine to fix the issue and they didn't have the fund to fix the bathtub from leaking into mine, so I had to pay for the repairs.Sometimes working with HOA and is painful, but other times is easy if the unit does not have problems
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31 August 2024 | 12 replies
From an income tax perspective, the LLC provides you with absolutely no benefit.Even from a "anonymity" perspective - if that is a Single Member LLC, the K-1 from those syndicates is still required by the IRS to be issued directly to the beneficial owner - you.If you don't make it a single member LLC, say your spouse is also a member, now you have a partnership tax filing - if it holds a number of LLC interests, it is now a partnership filing that is a pain to file to roll all of those activities in and report it on to your personal returns.In short...most likely it is best to keep it simple.
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29 August 2024 | 4 replies
Not quite as good, but it alleviates most of the pain.
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28 August 2024 | 2 replies
What are any pain points that he has that you can help with?
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29 August 2024 | 9 replies
It is a pain but not insurmountable.
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27 August 2024 | 1 reply
Unfortunately, I do own investment properties abroad that are still financed, so any lender that has experience with this would be much appreciated, the lack of experience in that regard has been a painful, and long underwriting process at first when I bought and then again when I refinanced my home a few years ago...
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28 August 2024 | 9 replies
The pain is removing all HVAC, plumbing & electrical so you can sister or replace a beam or joist and then put them all back in.
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26 August 2024 | 4 replies
Those landlords sometimes feels the pain managing property outside the state.
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27 August 2024 | 6 replies
@Neal Daftary-I think self-managing a duplex from 1.5 hours away is going to be a huge pain.
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27 August 2024 | 22 replies
With fees and points and so on, their money cost me 16%, and it was a total pain to refinance to a 5% conventional mortgage.If you are going to do a deal which involves buying a house for $50k less than market price, then paying Eastside $10k to expedite the closing is totally worth it.Eastside funding are good people, and they provide excellent service.