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6 December 2024 | 51 replies
For example if you wanted to gift $100k to your child to purchase a business, it may be best to make your child manager, with say a 20% interest, while you and or your spouse maintain a 80% interest. 100% of any net income can still be received by your child as manger, or even for just his 20% interest, as profit allocation need not align with ownership percentage in an LLC.
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26 November 2024 | 4 replies
A few things to keep in mind:Section 8 requires the property to pass an inspection based on HUD’s Housing Quality Standards (basically making sure it’s safe and well-maintained).The rent you charge has to align with Fair Market Rents (FMRs) in your area, so it’s good to check what similar properties are renting for.You’ll still be responsible for maintaining the property, but the upside is that a chunk of the rent is guaranteed by the government, which can provide steady income.Check with the local housing authority about any specifics for your area—every jurisdiction does things a little differently.This could be a great niche if you can find a good deal on the land and make sure your expenses (like maintenance, insurance, and occasional vacancies) are covered by the rental income.
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27 November 2024 | 7 replies
This reduces vacancy risk and helps maintain cash flow while you learn the ropes of being a landlord.
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26 November 2024 | 2 replies
Working with vetted, trustworthy borrowers and maintaining a robust vetting process will help ensure your capital works as hard as you do!
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17 December 2024 | 86 replies
If your place is very well maintained you may be able to achieve higher than average returns.
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27 November 2024 | 4 replies
A minimum temperature of 55 oF must be maintained inside your Rental Unit at all times; damage to the Premises resulting from you not doing so is your sole responsibility.19.
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28 November 2024 | 22 replies
Right now the demand from tenants is concentrated at the higher end of the market, but I agree eventually it'll be fairly ubiquitous.
26 November 2024 | 7 replies
The flexibility and context are often key to maintaining occupancy, while still minimizing your risk.
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9 December 2024 | 98 replies
This is one of the reasons so much Bitcoin mining is concentrated in China.
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24 November 2024 | 1 reply
There are 4 to 5 houses on this private drive way which is paved like a street but is not maintained by the city and most if not all of these houses belong to family members in the estate.I have to concerns about buying this property and please fill me in on your thoughts and opinions. 1.