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3 February 2025 | 56 replies
WARNING: if you do not prepare for this, you can enter a death spiral: deteriorating properties lead to lower rents, worse tenants, more wear and tear, even less cash flow to fund repairs and ultimately erode asset value.I do not mean to rain on your parade, hopefully, this is a helpful long term perspective.
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24 February 2025 | 22 replies
I would not renew the lease based on multiple violations you noted, but also because you are jeopardizing your good tenants' ability to enjoy their living spaces.
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4 February 2025 | 2 replies
My lender at the time ASSURED me that it was totally fine, as I had asked him explicitly multiple times about refinancing a year or so later and he knew about the lease.
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29 January 2025 | 2 replies
If your business operates in multiple states, you may still have tax nexus and filing obligations in both, regardless of your LLC’s location.
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2 February 2025 | 1 reply
Will rent for 1750/month.Capex items needed soon: roof, water heater, furnaceArea: A area, appreciation is at about 5% a year but average home price is ~$500K so this home will appreciate faster, this will have multiple offers on itDeal #2 - mixed use, small office with a 3 bedroom and a 1 bedroom over it.Ask: 325KCurrently fully rented on one year leases, bringing in 4775/month but only one tenant pays their own utilities plus owner is responsible for snow removal and landscaping.
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31 January 2025 | 11 replies
I am not a tax professional trying to sell you my services I am simply providing my perspective.
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30 January 2025 | 8 replies
If you stay in one market for multiple investments it may take you a bit to find this particular inspector.
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29 January 2025 | 4 replies
It’s designed for small businesses and landlords, allowing you to create multiple accounts for rent deposits, maintenance, and taxes.
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10 February 2025 | 16 replies
I haven't gone into so much analysis to see what opportunities truly exist for BRRR strategies, but on the surface (and despite the different risk profile) it appears that this strategy may be better for developing a portfolio early on to eventually get into an appreciation friendly market.My questions basically are:- What do you think of this perspective on the Las Vegas market?
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21 February 2025 | 10 replies
I will focus on how to buy a retirement home in the future while benefiting from a high-performing rental property until you're ready.We have many California clients who plan to move to Las Vegas for multiple reasons.