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21 November 2024 | 39 replies
If someone were to slip and fall or otherwise hurt themselves at one of my properties due to a premises liability issue, the plaintiff's counsel will file a claim against the deed holder regardless of whether I am incorporated in PA as a single member LLC or through an entity structure utilizing LLC's from states that may have better privacy laws, the deed holder entity is layered or any of the other strategies often discussed in these forums.
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1 December 2024 | 377 replies
Using a Heloc utilizes the equity that is sitting dormant, it provides tax relief (once again check with your tax professional) as it is interest income, you can typically get a reasonable rate andlastly there is no out of pocket money.
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7 December 2024 | 150 replies
If we made a mistake it was not utilizing our mentor even more.Deal analysis is something like this:Deal 1 sold this week at auction for a loss, probably a $4,500 loss, this is in my profit calculation.Deal 2 Bought for 20k sold for 45 with 10k down and 35k financed for 8 years at 8% I counted this as a 45k asset but probably should have only counted it as 35 since the 10k has been reinvested and is reflected in other assets.Deal 3, bought for 10k and foreclosed on a non performing borrower, we will be all in for under 20k, and should sell for @ 45k, maybe more if we do owner financing.
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14 November 2024 | 8 replies
However, if you're set on managing it yourself there's plenty of websites and apps you can utilize for rent collection.Some may or may not include messaging for requests such a repairs or maintenance, but if you're looking for rent collection there's quite a few options on the market that are affordable.
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14 November 2024 | 7 replies
You probably can't change the rate by much, you can raise it some if you include utilities.
14 November 2024 | 20 replies
Keep in mind that there may be legit charges associated with termination- for instance, they may need to hold some funds in escrow to cover lingering utility bills or cleaning after that 30 day period.
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18 November 2024 | 8 replies
One of the easier ways to do this would be to 1031 exchange into a DST where the sponsor owns a REIT and utilizes the 721 as part of their strategy.
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11 November 2024 | 9 replies
They will know setback rules, road widths required, easement documentation for road and utilities, postal box and bus stop.
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12 November 2024 | 2 replies
Hello @Roger Brittingham,Moving singlewides could be a great low-cost investment, but be mindful of these considerations:Moving & Setup Costs: Relocating singlewides can be expensive (transport, permits, setup, utilities).