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21 May 2024 | 14 replies
@Chris Seveney I saw your answer to this question and was wondering how you manage the LLC, do your retain your LLC mortgage, and have the tenants pay as they always did to the LLC or did you have all payments to the trust and new accounts with the trust on them.
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22 May 2024 | 9 replies
@Jason Coleman You can retain consultants who specialize and advocate on your behalf to insure you get the correct amount covered.
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22 May 2024 | 1 reply
Regular maintenance, upgrades, and amenities improvements can help retain tenants and attract new ones.
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21 May 2024 | 34 replies
I’ve observed that those who actually seem to have time freedom achieved through real estate have done two things:1) Built up a $1.5-$2M portfolio at minimum.2) Paid off said portfolio.It’s the accumulation of wealth, yes, but also the lack of leverage that, per my observation, seems to be the source of real, lasting freedom.Sure there will be plenty of exceptions, but most who aren’t in this spot are simply working in the business of RE, in some form or fashion.
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20 May 2024 | 8 replies
Put 3.5-5% down, retain most of your capital, and get started that way.
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21 May 2024 | 41 replies
Hobby landlords will generally be reluctant (embarrassed) to raise rent and will normally keep rent below market with the false belief that it retains tenants saving turn over costs.
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20 May 2024 | 5 replies
Additionally, terms like "houses for rent in Fayetteville NC by private owners" and related searches indicate a lively market for both buying and renting homes.Example listing: 814 Bedrock Dr, Fayetteville, NC 28303 - Purchase Price: $80K814 Bedrock Dr, Fayetteville, NC 28303 | ZillowNearest comps sold in Feb 2024 for $170K with 1,326 sq.ft compared to this property which has 2,220 sq.ft.28304: Given the rapid sales turnaround and price increases across various configurations, a focus on 3 to 5+ bedroom homes could maximize returns, especially targeting larger families or investors in rental properties.Increased searches for "apartments Fayetteville NC 28304" and a noticeable interest in family-oriented housing options, as indicated by terms like "3 bedroom houses for rent Fayetteville NC", support the observed demand for larger living spaces in this zip code.All feedback on my research is welcomed as always :)Have a lovely week!
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21 May 2024 | 11 replies
Look at their job site cleanliness and observe other things to make your decision about them.
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18 May 2024 | 6 replies
I still own 1/2 of the remaindership portion.Here are the questions….For my portion, do I retain the carryover basis from value of property gifted to me from my dad?
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18 May 2024 | 4 replies
Ironically from my observation it’s the same clueless people who believe anonymity is somehow going to provide asset protection that are most reckless in their business.