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16 January 2025 | 6 replies
I feel like there’s a balance between being decisive and being reckless, and I’d love to hear how you guys approach this.
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23 January 2025 | 7 replies
A knowledgeable attorney can advise here.Create a solid operating agreement: Since you own the condo with a friend, a clear operating agreement is essential to outline responsibilities, decision-making, and profit-sharing for the LLC.To save on costs:Look for real estate attorneys who specialize in investment properties and might offer package deals for the retitling, operating agreement, and filing the LLC.Shop around for title companies that can handle the transfer smoothly and provide competitive rates.Research DIY options for setting up the LLC if your situation is straightforward, though I’d still recommend a lawyer for the transfer process itself.Good luck with the process!
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26 January 2025 | 54 replies
Then, if you decide to explore a mentoring program, you will have the background knowledge to actually evaluate it and make an informed decision, and you'll be able to speak the language and ask intelligent questions.
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18 January 2025 | 8 replies
@Tyler Lingle I found a couple prior to even posting this (CIREIA Club) but was curious about others before making a decision on which one(s) to focus my time.
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29 January 2025 | 107 replies
Narrow your focus, stop buying properties, and figure out what you actually know really well rather than letting FOMO, spreadsheet calculations on faulty pro formas, and advice of strangers on the internet influence your investment decisions.
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28 January 2025 | 9 replies
This is often where the decision is made.
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16 February 2025 | 22 replies
Follow her basic guidelines and don’t make any investment decisions on hunches or emotions.
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13 January 2025 | 30 replies
I imagine a lot of the reasons will overlap with the previous topic.
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7 February 2025 | 17 replies
Now, you could interpret that he is the property manager, but seriously, if you are making all the decisions on a property, you are the property manager.
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23 January 2025 | 5 replies
Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.