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19 May 2024 | 9 replies
Hey my Name is Nicholas, I'm running into a problem with financing, little bit of a backstory I've recently turned 19 and have been working in solar sales for the past year and before that I was working at a pizza place.
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20 May 2024 | 1 reply
Quote from @Daisy De Miami: Hi BP Community!
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19 May 2024 | 8 replies
With 6 roomies, and possibly a lot of turnover, (Mi cocina es la cochina de nadie)Same for the restrooms, livingroom and yard.Maybe some maid service to keep the place(s) as desirable living space.I wouldn't not expect flop house types to be big on cleaning up other roommates messes .
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24 May 2024 | 100 replies
Just like in the good old days when actual BnB exists in the 90s....Folks that are saying it's possible in 48 is because they are early and they capture the de-regulation era and perhaps manage the property well.I'm looking at the problem from a very opposite angle.
19 May 2024 | 8 replies
Another angle you could consider is to diversify into different asset classes to reduce your risk, potentially continue your low tax burden and earn cashflow passively through 1031 exchanging into Delaware Statuary Trusts (DSTs).
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20 May 2024 | 24 replies
I like the saying that Dolf De Roos says, “The deal of a lifetime comes once a week.”A property that cashflows with a 75% cashout refi, may or may not get you to your goals quicker.
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20 May 2024 | 19 replies
Or open a LLC in a more friendly state like Delaware, Texas, or Nevada but I think you're getting ahead of yourself honestly.
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24 May 2024 | 259 replies
Quote from @Craig De Borba: @Miguel Suarez in the same boat..followingsounds good!!
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20 May 2024 | 88 replies
Due to this, I don't create new LLCs for my SFRs.You could also look into Delaware LLCs.
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19 May 2024 | 20 replies
In addition to Pennsylvania, my thoughts are exploring in the neighboring states—New Jersey, Maryland and Delaware.