15 July 2020 | 2 replies
There are a few of the larger service companies out there that offer many of the trades under one roof.
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17 January 2021 | 7 replies
You want an accountant that can help you strategize and who is responsive when you want to know the tax consequences of the decisions you are making throughout the year.I noticed in your profile that you are house hacking.
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19 November 2020 | 7 replies
We would be able to consistently add capital to our investment portfolio yearly, let's say $10k per year.Some strategies that have peaked my interests are SFH or small multi-family BRRRRs, short term rentals, trade up into large multi-family, rental debt snowball, etc.
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23 October 2020 | 5 replies
We are constantly looking at properties in different sub markets and need to understand if (as you said it) the subject property is trading at market, above or below and figure out if the price is right.
15 September 2022 | 10 replies
The quality of them PM is one thing, but it only gets amplified by the quality (or lack thereof) of the properties and the resulting quality of the tenants.If you were to illustrate this with math it would look like this: 0.1 x 0.1 x 0.1 = your result.The answer to your question is obvious, but frankly easier said than done: buy quality properties with few repairs, they will attract great tenants with few issues and even a mediocre PM will do just fine.The allure of cheap cash flowing properties is real: After I had invested all my original capital I bough a few cheaper properties in Milwaukee (this was around 2010, so they were really cheap) and fortunately traded out of them within a couple years - it taught me a lot!
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14 September 2022 | 14 replies
If I just wanted to buy real estate at market value I would just buy into an exchange traded REIT or REIT mutual fund or ETF as a diversified portfolio of REITs should match inflation over the long term and provide increasing dividends.
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8 October 2022 | 4 replies
(You can review your insurance policy for the specific language of who is considered a named insured) We have our personal names listed as additional insured, along with our property manager even though us personally and our property manager are covered in the policy language, it feels nice to have it on the declarations page as well.Depending on the age of your conventional loan, you can change ownership without consequence to your loan structure.
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11 October 2022 | 10 replies
Any LLC other than a single member LLC will have negative tax consequences as well.
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10 October 2022 | 10 replies
I am also a carpenter by trade in Local 291 and have been working in this field for a decade now).
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19 December 2022 | 12 replies
Work on getting your "network" of trades (handyman/contractor, electrician, plumber, hvac, etc.) together so you can handle getting stuff repaired/replaced.