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18 February 2025 | 24 replies
If you find someone that seems to know a lot of people needing your services, wouldn’t it make sense to focus more resources on them?
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24 February 2025 | 7 replies
Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.
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8 February 2025 | 6 replies
Interestingly, the premium for the single-family rental is about half that of the 4-unit property.I’ve owned rental properties for over 34 years, so I have a solid understanding of how premiums and coverages typically align with property values.
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19 February 2025 | 13 replies
Typically 100-200 people and a solid speaker.
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24 February 2025 | 9 replies
FNMA does have limited allowances if the LLC is whole owned by the borrower. https://servicing-guide.fanniemae.com/svc/d1-4.1-02/allowabl...There's really only three reasons to put your SFR properties under an LLC:1) A DSCR lender requires it: just setup the LLC correctly.2) Anonymity: In Michigan, you can create an LLC with a Registered Agent and use their address to hide your ownership. - Have seen many investors create their own LLC and use their name & address:(- Only works if you put a property in LLC when you purchase.
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9 February 2025 | 4 replies
The easiest solution is typically keeping water away from the wall.
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5 February 2025 | 29 replies
Today, companies with many structures use the word turnkey to describe their services.
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19 February 2025 | 4 replies
Typically the regionals / local banks will give you the best terms on HELOCs.
22 January 2025 | 14 replies
- Of course, most of these PMCs weren't even properly licensed and were typically one-person companies.If you have an LLC, the PMC will only need the LLCs EIN.- If you chose to set up your LLC as a pass-thru entity, then you will need to supply your SSN.FYI - to avoid getting nasty letters from the IRS about errors (which might cause us to be audited), we will ask for a copy of your EIN assignment letter or a copy of your SSN card to confirm those numbers.
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4 February 2025 | 0 replies
By focusing on cost-effective improvements, investors can significantly enhance property value.By first Identifying which renovations offer the highest ROI—typically kitchens, bathrooms, and curb appeal.