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26 November 2024 | 1 reply
During that time I also became a Managing Broker.
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20 November 2024 | 2 replies
I've committed myself to being a full-time real estate investor, private money broker and real estate consultant!
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17 December 2024 | 86 replies
However, proceed with caution, as these may come with higher interest rates.Relationship Building and Education:Building relationships with local lenders and mortgage brokers is crucial.
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29 November 2024 | 11 replies
Hello Bhakti,I am a licensed broker in OH and KY as well as being an investor.
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22 November 2024 | 9 replies
We received this letter from Toledo LMHA Lucas County's Section 8 administrator.I don't know if they had a data breach and a bunch of landlord and client personal information was stolen or if they lost their server and backups.
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26 November 2024 | 1 reply
In order of priority, I would put title company after GC, lender, insurance broker, real estate agent(s), inspectors, and several trades.
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26 November 2024 | 1 reply
FULL STOP Your ability to make such a profit will depend on your ability to manage the asset better than the prior owner.As a seller, the broker should be helping you determine the price point, at that time, that attracts enough buyers to achieve an optimal sales price.
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26 November 2024 | 17 replies
My main advice for avoiding liability is: (1) work with a great insurance broker to get comprehensive coverage; (2) avoid signing full recourse personal guarantees whenever possible; (3) max out your 401(k) or defined benefit plan with ERISA protection; and (4) strive to reach a point where you’re not personally involved in the business’s day-to-day operations.Disclaimer: While I’m a licensed attorney, I’m not your attorney.
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27 November 2024 | 11 replies
Hey Leola, I'm a local broker and investor here in Sac.
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25 November 2024 | 12 replies
I inquired about the possibility of a two-company structure: A traditional LLC that is the public face of the activities (collecting rents, paying contractors, etc.) and managing the Series LLC with each property in once cell in it (in this case, Series LLC is serving as a holding role).Again, one attorney said that would be much better than a standalone LLC and that is recommended approach, and the other said it is waste of time and money since there are some requirements from Texas Real Estate Commission, which is requiring being a licensed broker in the state to operate in the managing LLC.So, just want to hear what other Texas investors are doing when it comes to series LLCs regarding these issues.