Ron, great job for cashing out - what was the apprised value ?

@Ron Singh @John MatthewsThanks for the interest.

I recommend you join the local Real Estate Investors Associations (REIA) to be around like-minded individualsFor real estate investors in Oklahoma City, we have:1st Thursday of every month www.mpreia.com 2nd Thursday of every month www.okcreia.comFor entrepreneurship & business in Oklahoma City, we have:2nd Wednesday of every month "Coffee with Entrepreneurs" www.okceg.com4th Thursday of every month www.OKCEntrepreneurGroup.comI am a local real estate mentor and business coach so if you ever need guidance and accountability I might be a resource to you.Enjoy the day,Ron HarrisThe Renascent Entrepreneur

Originally posted by @Ron S.

Ron- you do not "need" to put each property in it's own LLC.  

I'm in NE Ohio and while I don't plan to completely "self-manage" (ie, do maintenance/cleaning/etc. myself) I do want these properties to be close enough that I can A) check them out personally when needed and potentially tinker/add improvements on occasion myself AND B) if they are vacant for a weekend, go and enjoy some R&R on short notice. 

@Ron Brady When some of said take the money, it was probably more based on the feeling that they need some sort of punishment....note that most also said leave the bad review.

You will also get a 1099-R on that amount which you will pay taxes on. 

@Ron H.

by Ron KinkadeOct 04 2019TwitterFacebookLinkedInIs mass texting illegal?