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2 January 2025 | 2 replies
You can certainly own multiple assets in the same LLC, but I would be careful about operating a business and owning other real estate or investments in that LLC.
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30 December 2024 | 24 replies
What i did not have to do while owning them though was roof plumbing elec appliances stuff like that.. those lasted a good long while..
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5 January 2025 | 17 replies
They usually sell for a really attractive price because investment property financing is (obviously) difficult, somewhat limiting the buyer pool to owner-operator small business owners (who in turn are typically great clients, as well).
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3 January 2025 | 8 replies
Expenses will level off: Multifamily operators have been plagued by expense increases in the form of taxes and insurance, for the last few years, especially in the south, and especially in Florida and Texas.
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7 January 2025 | 22 replies
In 2024, we've had to replace, in a few buildings:Siding - $30kRoof - $8kLeaks - $3kTurn-Overs - $20k+Appliances - $5kNow, I've been doing this for over 40 years, so I have a good amount of buildings.
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9 January 2025 | 44 replies
You need to understand that given your situation the asset and operational impact must be absolute minimal, lowest risk exposure possible.
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31 December 2024 | 22 replies
No one is going to come to your door stalking you, but feel free to pay a few grand a year to "hide" your identity that will be able to be found in 15 minutes or in a request from the tenant if they request ownership of the LLC or the operating agreement to understand who they are signing a lease with.
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31 December 2024 | 0 replies
We’re looking to install a property management firm within the organization as a way to generate steady income and keep operations running.
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10 January 2025 | 22 replies
He calles them "poor people" "economically disadvantaged" He threatened to evict them if they don't rent his appliances like used ceiling fans.
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8 January 2025 | 14 replies
Very few people operate their LLC correctly and therfore this just gives them a flase sense of security.Moving into a LLC can also trigger the due on sale clause.