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27 October 2024 | 13 replies
However, you CAN choose to have it taxed as a C Corp on form 1120 or an S-Corp on Form 1120s as you see fit.There is one exception to filing a two member LLC as a disregarded entity.
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24 October 2024 | 6 replies
And you can tailor it to you, so 1) You certainly don't have to charge 100% while vacant (dependent on bldg. layout, thermostat access, etc.) and 2) You can tailor the Gas/Electric as you have brought up so maybe 50/50 all except 60 unit 1/40 unit 2 for electricity... etc.
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24 October 2024 | 10 replies
You can read about it here.This seems to be just another up-front money scam except one level up and for slightly bigger dollars.
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23 October 2024 | 7 replies
I like that idea -- This should work for most properties except in person auctions.
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23 October 2024 | 8 replies
not to be discouraging, but if you don't already have experience, i think trying to build for your very first property is going to be exceptionally difficult. 30K just is not a lot to work with.
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28 October 2024 | 40 replies
.: There seems to be a glut of STRs in every major market, yet there are RE agents out there telling people that there is demand.I agree, except I've never heard agents pushing AirBnB.
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25 October 2024 | 9 replies
Such tenants are the exception, not the norm.
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24 October 2024 | 10 replies
Quote from @Andy Port: I'm currently looking to take some money out of traditional investments and begin investing directly into real estate as a passive investor on syndicated deals.The internet is pretty much copy-paste with advice on how to access real estate and defaults to saying "Just invest in a REIT - its the same" except you pay for the entire pool of existing properties (even if they have low yields in less opportunistic areas), the entire management team's multi-million dollar salary and their private jet, etc...
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25 October 2024 | 11 replies
Thank you kindly for this exceptional advice!
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22 October 2024 | 3 replies
This is my WHY - my purpose for wanting to build a lasting portfolio of exceptional cash flowing properties.