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27 October 2020 | 6 replies
Yes you should have a separate bank account and credit card for real estate even if you don’t incorporate.
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27 October 2020 | 13 replies
I think buying a property that doesn't need as much work would work best for me currently but something I am going to look into is incorporating renovation costs into my VA loan which may allow me to take on more of a project.
27 October 2020 | 12 replies
Also, you will need to budget moving water and electric/gas unless you have a plan to incorporate it into the kitchen somehow... say an island or extended countertop.
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12 February 2021 | 31 replies
I look through records for owed taxes and things like that, but I always kinda wrote off physically driving around mclean, Langley, oakton ect. areas looking for homes.
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25 November 2020 | 16 replies
Don't forget about REITS also, They all got beaten down during the pandemic and I think will be hurting through early next year, good way to supplement physical real estate investments.. pays you dividends also.If your investing in Northern VA the cash flow is a little disappointing for how much your paying but you get it back in the appreciation.
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29 October 2020 | 20 replies
Having the right handyman, electrician, plumber, and carpenter on speed dial is vital, which can help limit your need to be physically located near the investment property.
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28 October 2020 | 12 replies
I found that very few people read leases, that's why we went back to paper leases and signing in person, because that gives me an opportunity to explain a few things, go over home operation, safety and maintenance.But still, people don't listen very well (or remember everything I said) - so I leave them with two house warming gifts: Command brand picture hanging strips and quality snap-on felt bottoms for their chairs.This serves as a physical reminder of what I want them to do: not make holes in the walls and scratches in the floors.
27 October 2020 | 1 reply
If I choose to go with the Checkbook LLC, can I incorporate in a state that has a lower fee than California.
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3 December 2020 | 7 replies
I am a travel physical therapist and I would like to long-distance-invest in the Kansas City, MO area for my first investment property.
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28 October 2020 | 8 replies
I would appreciate any advice that could be given on this topic.I do not currently have any addendums to my lease agreement addressing this issue, but plan to incorporate some following this lease term.