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18 October 2024 | 3 replies
My intention was to minimize my reported taxable income after taking expenses against the earnings through the LLC.I don't see how this would benefit you tax wise.In fact, I would be concerned that by mixing personal business (rental property in your name) with the LLC that you could basically nullify the liability protection the LLC offers allowing anyone who sues you to pierce your corporate veil because of this co-mingling.
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18 October 2024 | 1 reply
College towns are usually gold mines for rentals, especially with a mix of 2-bed and 1-bed units.
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18 October 2024 | 1 reply
This is because it was poorly converted, improperly done, "patched up" over time, and might have mixed up mechanicals etc.
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17 October 2024 | 2 replies
I have a mix use building in CT. the ground floor tenant is a bar/restaurant that recently moved in. they got a $2M General liability insurance and is asking if that's enough. or if they should get an umbrella. the property is valued at around $700k, fyi. where can i read up on best practices for such a case?
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23 October 2024 | 28 replies
If STR is permitted there, personally I would never want to mix a property like this.
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18 October 2024 | 6 replies
I do advocate for mixing SEO w/ a strong offline strategy because they work together so effectively.
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16 October 2024 | 5 replies
NOI/Purchase price = CAP rate (what's typical in the area for similar building types/unit mixes Can the area demographics support the rental increases?
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16 October 2024 | 1 reply
Depending on what you're looking for, you can find a good mix of affordable properties, especially in the under $200K range.
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23 October 2024 | 22 replies
Consider areas with job growth, as they usually lead to good returns.Feeling Ready: Confidence comes from a mix of education and action.
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16 October 2024 | 5 replies
I own a mixed use property (4 residential units, 1 Commercial unit) and need to update the lease of the Commercial tenant.