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17 July 2024 | 7 replies
No ongoing corporate actions to worry about.However, both LLCs and corporations must adhere to rules and regulations regarding their operation as an entity separate from the individual member(s).
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17 July 2024 | 32 replies
Ongoing population growth, a thriving tech scene and strong economic factors point towards potential value increases down the line.
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16 July 2024 | 18 replies
I'm planning on going and meeting some investors!
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15 July 2024 | 19 replies
Also, you won't be scrambling at closing time to identify and hire your most important ongoing partner.As far as the other partners, I agree with @Michael Smythe's list above.
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16 July 2024 | 21 replies
S8 Challenges:1) Voucher holders not having funds for application fees or security deposits2) Tenants trashing properties, killing ROI3) Tenants not paying their portion of rent or utilities4) Tenants not cooperating with ongoing S8 requirements or inspectionsAlso, you stated in your initial post that you'd be buying turnkey rentals.
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14 July 2024 | 7 replies
For example, on a 100 unit property built in the 1980s in Texas I might use $500/unit/year for maintenance and $300/unit/year for ongoing capEx.
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14 July 2024 | 13 replies
Quote from @Dayton Bourassa: First, the spreadsheet looks nice.Second, I don't see anything planned for ongoing maintenance or capex.
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15 July 2024 | 17 replies
Meet agents, meet property managers, pick some neighborhoods to focus on? Go
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12 July 2024 | 12 replies
Your rent of $800 is really reasonable, my advice is still to continue increasing income, decrease other expenses (cancel unnecessary subscriptions, cut down on going out, all those little things add up to a lot.)
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11 July 2024 | 10 replies
Taxes can vary significantly by location, so this is an important factor to consider.Maintenance and Repairs: Plan for ongoing maintenance costs such as landscaping, cleaning services (if not done by yourself), and occasional repairs.