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26 November 2024 | 13 replies
I know the easy answer to this is "check with your CPA" but I'm still in the process of working to establish with a real estate specific CPA who better understands the nuances of these topics.
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18 November 2024 | 3 replies
I’m new to house flipping but have extensive experience as the owner of a successful property damage restoration company. This gives me access to a large network of skilled contractors, including plumbers, HVAC spec...
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11 December 2024 | 101 replies
We had been kicking around the idea of investing in an Airbnb property for a year or so, but couldn't identify a location that compelled us as a place we'd like to establish ourselves and regularly visit.
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7 December 2024 | 150 replies
This property was bought through a Vendor that does a lot of business with Note School so I will credit NS with helping us establish that connection.
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22 November 2024 | 1 reply
I’ve established a class A “team”………..
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20 November 2024 | 12 replies
Renting and eating the loss is a gamble on future rent increases, but the market and high costs might not make it worth the stress.
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24 November 2024 | 19 replies
This can lead to more opportunities and partnerships.Market Understanding: As a property manager, you'll gain a deeper understanding of the local market, which can be invaluable when you start acquiring your own properties.Steady Income Stream: Property management can provide a consistent income, which can be particularly beneficial in the early stages of your real estate venture.Skill Development: You'll develop a range of skills from customer service to maintenance oversight, which are crucial for successful property ownership.Brand Recognition: Establishing a presence as a reliable property management company can boost your reputation, making it easier to attract tenants and investors when you start acquiring properties.Cons:Time Commitment: Property management can be time-consuming, especially if you're dealing with multiple properties or demanding clients.Regulatory Compliance: Staying compliant with local laws and regulations requires diligence and can be complex.Conflict Resolution: Dealing with tenant issues and conflicts is an inevitable part of property management and can sometimes be challenging.Financial Risk: There are financial risks involved, including late payments or damage to properties.Market Fluctuations: The property market can be unpredictable, affecting both rental income and property values.Overall, starting with a property management company can be a smart way to enter the real estate space, especially in an area with a clear need for such services.
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22 November 2024 | 2 replies
NOTE: there may be some tax on interest or principal on the payments--seek professional advice.Also, stress there will be no inspections or other contingencies--sell the 'peace of mind' side of the equation.You have known each other for 12 years and you established you are a great payer.
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20 November 2024 | 4 replies
Quote from @Faysal Alam: What banks or credit union can I use to refinance a car under my LLC name , my car is a 2023 Tesla model y performance , I owe $42,500 on the car , I’m looking to refinance the car under my business , my business was established 03/2023 .
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20 November 2024 | 37 replies
Doing Build-4-Rent without all this, is GAMBLING not investing.