
25 June 2024 | 2 replies
Obviously there is a lot to discuss on this topic, but for a very quick glance, here are a few pro's and con's to consider when thinking about section 8 rentals:Pros:Guaranteed Rent Payments -> The government pays a significant portion (if not all) of the rent directly to the landlord, providing a reliable and steady income stream.High Demand -> There is often a high demand for Section 8 housing, reducing the risk of long vacancy periods.Cons:Inspection and Compliance -> The property must pass an initial inspection and comply with health and safety standards set by the local housing authority.

25 June 2024 | 0 replies
Partnering with Mike & Laurie provided valuable local insights, making this an attractive and strategic investment for Partner Driven.

26 June 2024 | 6 replies
You do care what your interest rate is.You want the lowest interest rate possible.If the difference between 6% and 9% interest on $150,000 is $9,000 and $13,500, which is a difference of $4,500.The additional $4,500 may potentially only provide you a benefit of $1,500 as a reduction in tax / increase in tax refund.You are still on the hook for the remaining $3,000 difference.

25 June 2024 | 0 replies
Partnering with Seth Choate provided valuable local insights, making this an attractive and strategic investment for Partner Driven.

26 June 2024 | 18 replies
Suppose you are personally sued; during the discovery process, you must provide information on all of your income and assets (including your LLCs in any state (with or without anonymity).

25 June 2024 | 8 replies
The one thing to note is that these lenders typically have a minimum loan amount of $100K (Purchase Price + Rehab), and they will not require you to provide paystubs or tax returns.

25 June 2024 | 3 replies
My two property management companies provide me with monthly statements listing all the income and expenses.

25 June 2024 | 1 reply
Transferring Your LLC via Will:Review Operating Agreement: Check if your LLC’s operating agreement addresses ownership transfer upon death.Update Your Will: Specify in your will that you intend to transfer ownership of the LLC to a named individual or individuals upon your death.Consult an Attorney: Seek advice from an attorney specializing in estate planning and business law to ensure your will is legally sound and compliant with state laws.Consider Tax Implications: Understand potential tax implications of transferring LLC ownership through your will and plan accordingly.Notify Your Successor: Inform the person named in your will about their future role in the LLC and provide necessary documents.Please feel free to reach out if you need any further assistance.
25 June 2024 | 4 replies
These markets are very large in NC (comparable and larger than Fayetteville) providing for great economics as well as a more diverse employment base.Doing a renovation is not as intimidating if you have the right team that can provide you comfort with before-and-after's of other projects they've done, plus accurate $s surrounding those projects.

25 June 2024 | 18 replies
Yes, I don't provide appliances.