
3 May 2024 | 8 replies
Usually a decent duplex or 2 are around at any given point.

3 May 2024 | 5 replies
There are meetups, meetings, and extra resources that might be helpful.

3 May 2024 | 4 replies
It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.

1 May 2024 | 11 replies
Would come in around 5% interest I usually won’t go for less than 25 units per million but I see you’re in Pensacola and land is probably at a premium.

2 May 2024 | 3 replies
You would make whatever offer you want to the trustee, who passes it on to the beneficiaries, usually without comment.

3 May 2024 | 8 replies
Without that you can be sued personally for any issue within it on your str.Its much harder for people to pierce the corporate vail and sue you personally if your property is owned and managed in a LLC .Financing is one of the only drawbacks as it is a commercial process and banks usually like to see 3 years of a decent tax return.We have 19 properties and all are in an LLC and in fact we only hold 2-4 properties in each LLC (all are owned by one parent company and done in one flow through parent company)to even further shield the liability that may/can occur on a property.There is no doubt you are exposed to higher risk on many fronts if an investment property is held personally.

3 May 2024 | 7 replies
The reasons are 1- less competition in commercial2- greater property types lead to more opportunities for “value added”3- commercial net income projections include expense for property management, 1-4 unit residential usually do not4- greater “universe” of properties to buy allow higher minimum return standards Of course residential is MUCH easier to successfully deal in, and with reasonable leverage has small downside risk, so I 100% agree that most investors should stick with residential.

3 May 2024 | 1 reply
The “tween” between passive and active covers a wide range and usually ends up much more “active” than “passive”.

3 May 2024 | 30 replies
It usually means that you can deduct losses against your other income such as W2.Where we start disagreeing is details of what qualifies for what and on the reporting.
6 May 2024 | 62 replies
Good deals can be made anywhere and they’re usually made, not found.