
22 August 2024 | 0 replies
It’s already listed with a local agent, but I’m looking for additional platforms that specifically cater to selling Airbnb or short-term rental properties to investors in the USA and Canada.

22 August 2024 | 5 replies
-----Just SOLD a Flip Property in April, long-story short my GC got me busted with the City and had to sink another $44k into the project so broke-even.

24 August 2024 | 7 replies
In short, all of the people that you need on your "team" that I have used personally, as well as, many of my clients for many years.

22 August 2024 | 12 replies
AirDNA states: “Average yield is calculated by dividing the average annual revenue potential of short-term rentals in proximity to the national park by their average home prices obtained from Zillow.

25 August 2024 | 5 replies
Lawsuits are only successful if the landlord was negligent in responding.

24 August 2024 | 0 replies
My reputation and proven successes did help.

26 August 2024 | 8 replies
Let's break down the pros and cons of each approach:Forming an LLC in the State Where the Property is Located:Pros:Compliance with Local Laws: Establishing an LLC in the state where the property is situated ensures compliance with local regulations and laws specific to that jurisdiction.Legal Clarity: It provides clear legal jurisdiction and may simplify any legal proceedings related to the property in that state.Perception: Operating with a local LLC may give tenants and local authorities confidence in your commitment to the community.Cons:Additional Costs: Setting up and maintaining an LLC in another state means incurring additional registration fees, taxes, and possibly hiring local legal counsel.Administrative Burden: Managing multiple LLCs across different states adds complexity to your administrative workload, including extra paperwork and compliance requirements.Tax Implications: You may face tax obligations in both the state where the property is located and your home state, potentially leading to double taxation or complexities in tax filings.Managing Through Home State LLC:Pros:Simplified Management: Handling all properties under a single LLC streamlines administrative tasks, reducing paperwork and simplifying tax filings.Cost Savings: Avoiding the need to establish multiple LLCs in different states saves on registration fees, legal expenses, and ongoing maintenance costs.Consistency: Uniformity in management practices and legal structures may contribute to efficiency and ease of operation across your real estate portfolio.Cons:Legal Exposure: Operating out-of-state properties under a home state LLC may expose your personal assets to the laws and liabilities of the other state, potentially diminishing the liability protection the LLC offers.Compliance Challenges: You'll need to ensure your home state LLC meets the legal requirements for conducting business in other states, which could involve additional filings and fees.Perception and Credibility: Some tenants or local stakeholders may prefer dealing with a landlord who has a local presence, which could impact your reputation or relationships in the community.Ultimately, the decision depends on your specific circumstances, risk tolerance, and long-term goals.

22 August 2024 | 8 replies
Purchase price: $93,000 Cash invested: $24,750 Bought with long term tenant in place.

24 August 2024 | 0 replies
To make a long story short, my turn, as bidder #131, to pay came at 5:00.

22 August 2024 | 10 replies
The one thing that may cause a problem is lenders not taking the short term rental income if it has not yet been stated on your taxes.