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8 February 2025 | 80 replies
Knowing cap-x projected out years is not an "extra credit" kind of information, it's fundamental necessity.
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2 January 2025 | 13 replies
For your first guests, go the extra mile—leave a welcome note, provide thoughtful amenities, and ensure the place is spotless.After their stay, send a friendly message like, “Thanks for staying!
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19 January 2025 | 42 replies
We closed the LLC because it was not giving us protection since the properties and mortgages are under our names instead of the LLC, so it was extra work and cost for no benefitQuestions:1-I assume we need to issue 1099 for these contractors even though we are not incorporated, right?
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23 January 2025 | 31 replies
Using a family address could expose you to unnecessary risks in the event of any legal or financial issues related to the business.Additionally, these virtual offices often provide extra services like mail and package handling, telephone answering services, and access to meeting rooms, making them a more professional and practical solution.
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20 December 2024 | 28 replies
As I understood that allowed me to have an extra layer of liability protection.
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27 December 2024 | 8 replies
If this is your primary residence and you have an extra bedroom (or can make an extra bedroom), AirBnb can be very lucrative.
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28 December 2024 | 3 replies
Once that extra rental started generating income, he realized the higher interest rate was just a temporary hiccup on the way to bigger returns.In your case, maybe look at a structure that keeps your best cash-flow property on a lighter refi (say 50% or 60% LTV) while you go a bit heavier on the one that’s not producing as much right now.
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31 December 2024 | 8 replies
Simultaneous to that, negotiate price reductions to the greatest extent possible because of this extra cost you are incurring.
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17 December 2024 | 11 replies
This structure simplifies management, centralizes ownership, and provides an extra layer of liability protection.Tax-wise, the state where each property is located will still require income tax reporting and LLC fees.
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22 December 2024 | 7 replies
This gives them significant control and security.Joint Venture Agreement with Personal Guarantee: We establish a Joint Venture (JV) agreement that includes a personal guarantee, providing an additional layer of security for our investors.Memorandum Filing: We file a memorandum in the county where the property is located.