Kevin M.
Condo Investment in NYC
7 January 2025 | 12 replies
If there was no appreciation, there is no need to do a 1031 exchange.I have never been a fan of condo's as you lose some control over the investment - You have no control over the monthly maintenance fees, you may not have control over who is on the board, you have no control over special assessments.I wish the investments turn out well for you!
Anthony Sigala
Is the 1% rule dead in Arizona?
20 January 2025 | 31 replies
I do not possess any special list.
ZZ Song
Any experience with Prime Corporate Services?
20 January 2025 | 31 replies
That’s half the cost of Prime’s reduced rate.2nd, like everyone is saying, the cost of setting up and LLC is less than $100… closer to $50… if you just do it yourself through the state (not complicated).3rd, if you want someone to help you draft your operating agreement, hire a local real estate attorney and it will be significantly cheaper than $1660… probably cheaper than $550.4th, if you want someone to do your taxes and help you get your max deductions - talk to a CPA who specializes in real estate and they can review your operating agreement to see if you’re setting yourself up properly, and they can do your regular taxes… and be cheaper than Prime. 5th, a separate CPA can work with you regularly to review your investments and strategies to determine good tax strategies as you look to execute any deals. 6th - don’t lock yourself into a crazy subscription model before you start making money!!!
Ryan Rubel
Short-term rental purchase, north county coastal. How realistic is this plan?
4 January 2025 | 5 replies
I specialize in STR/MTR and I have managed a few in Oceanside.
Brandon Morgan
is an LLC necessary?
27 January 2025 | 33 replies
This also helps with asset protection, monthly bookkeeping and annual tax return preparation.
Joseph Beilke
Costa Rica Info
11 January 2025 | 11 replies
We loved parts of Quepos and Uvita the most.Congrats on your Wedding and I hope you have a wonder special DAY!
Tanya Maslach
Who pays - Landlord or tenant?
11 January 2025 | 15 replies
He left the tenant with a special enzymatic solution that was supposed to address "food and grease" issues.
Brett Lambert
CA Redwoods Property
30 December 2024 | 3 replies
In my experience, a property with multiple cottages and outbuildings can provide all kinds of creative strategies...some folks try short-term rentals or even specialized retreats if local regulations allow.
Jonathan S.
Passive Real Estate Investing
15 January 2025 | 10 replies
Here's how I do my due diligence:1) Portfolio matching: (takes 30 seconds per deal)a) Have an educated opinion on where I think we are in the real estate cycles (financial and physical market cycles)b) Then and only then do I pick the strategies, capital stack, and specialized asset subclasses that make sense for that opinion.
Diana T.
Destin/ 30A / etc
30 December 2024 | 3 replies
Building a relationship with local real estate attorneys or agents specializing in STRs in the area can save you headaches down the line.