Maria Cox
Tips on cutting costs?
28 August 2024 | 10 replies
As much as I love the ease of installing LVP, if home depot is running a free carpet install promo, I'm getting carpet!
Abdi Muya
In desperate need of guidance
28 August 2024 | 39 replies
you are putting a lot more pressure on everything else - appreciation, capex - when you have financing charges.
Carlo D.
Banking problem can't open a bank account for my LLC
28 August 2024 | 5 replies
However this post brings attention to another topic which is ease in banking.
Ruben VanDusen
Basic/General Multifamily Market Insights
27 August 2024 | 4 replies
You might find this 20 minute read and breakdown of supply, demand, interest rates, and relative regional pressures on multifamily https://www.biggerpockets.com/blog/multifamily-crash-to-cont...
Rajagopalarao Paidi
Any recommendation on forming out of state LLC or Home State LLC
26 August 2024 | 8 replies
Let's break down the pros and cons of each approach:Forming an LLC in the State Where the Property is Located:Pros:Compliance with Local Laws: Establishing an LLC in the state where the property is situated ensures compliance with local regulations and laws specific to that jurisdiction.Legal Clarity: It provides clear legal jurisdiction and may simplify any legal proceedings related to the property in that state.Perception: Operating with a local LLC may give tenants and local authorities confidence in your commitment to the community.Cons:Additional Costs: Setting up and maintaining an LLC in another state means incurring additional registration fees, taxes, and possibly hiring local legal counsel.Administrative Burden: Managing multiple LLCs across different states adds complexity to your administrative workload, including extra paperwork and compliance requirements.Tax Implications: You may face tax obligations in both the state where the property is located and your home state, potentially leading to double taxation or complexities in tax filings.Managing Through Home State LLC:Pros:Simplified Management: Handling all properties under a single LLC streamlines administrative tasks, reducing paperwork and simplifying tax filings.Cost Savings: Avoiding the need to establish multiple LLCs in different states saves on registration fees, legal expenses, and ongoing maintenance costs.Consistency: Uniformity in management practices and legal structures may contribute to efficiency and ease of operation across your real estate portfolio.Cons:Legal Exposure: Operating out-of-state properties under a home state LLC may expose your personal assets to the laws and liabilities of the other state, potentially diminishing the liability protection the LLC offers.Compliance Challenges: You'll need to ensure your home state LLC meets the legal requirements for conducting business in other states, which could involve additional filings and fees.Perception and Credibility: Some tenants or local stakeholders may prefer dealing with a landlord who has a local presence, which could impact your reputation or relationships in the community.Ultimately, the decision depends on your specific circumstances, risk tolerance, and long-term goals.
Sanjeev Advani
Global Real Estate Developments: Key Updates from Denmark, Ireland, France, and Beyon
26 August 2024 | 0 replies
This rapid lease-up highlights the strong demand for quality office space in the region.Germany: Alstria Office REIT Faces Pressure to Maintain REIT StatusAlstria Office REIT, owned by Brookfield, must increase its public float from 4.6% to 15% to retain its REIT status.
Shelly Glennon
Long term tenant (40+ yrs) newly negotiated lease asking Landlord to pay commission
26 August 2024 | 9 replies
Whether I agreed to it would depend on what the commission is, what is the likelihood of the tenant moving, and the ease of re-renting the place.
Tom Dieringer
Eager to hear about your Biggest STR Home Runs - which path did you take?
28 August 2024 | 31 replies
People confuse ease with better.
Lacey B.
Such a newbie, looking for advice
27 August 2024 | 21 replies
Using borrowed money is going to make it difficult because you're putting extra pressure on whatever you buy, and with prices and rates high it's going to be tough to get a return for years or even decades.