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2 July 2024 | 5 replies
Here's a very small pros and cons list I've made for the area:Pros:Potential for Appreciation: Rapid growth and development can lead to property value increases.Stable Rental Demand: Proximity to Raleigh and economic opportunities ensure a steady stream of potential renters.Desirable Location: Good schools, amenities, and quality of life attract families and professionals.Cons:Market Competition: Increased demand can lead to higher property prices and competition among buyers.Out-of-State Management: Managing a property remotely can be challenging without a trustworthy local team.Economic Dependence: The area’s growth is closely tied to the economic health of Raleigh and the Research Triangle.
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6 July 2024 | 25 replies
Talk to realtors or others in the area who have their own reputation to protect.I have also often used large trade specific contractors like Michael and Sons here in Richmond.
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4 July 2024 | 3 replies
Depending on how much money you're making (which, if you're at a loss, may not be a ton), those trusts can sometimes cause more tax than going the standard LLC route and just paying the $800 in the first place.I'm not sure from your post if you're talking about income taxes that are owed, or the $800 LLC fee, which is more akin to a franchise fee in the terminology that you're using.
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3 July 2024 | 7 replies
I can only speak to our area, but if this is a county auction you're talking about the cash for the house is due the next day.
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3 July 2024 | 3 replies
Which one of the paid lead generation sites are you finding most effective for getting lead lists and which mail houses are the most cost effective?
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5 July 2024 | 19 replies
Anyone interested in Detroit projects we are more then willing to talk about what we are doing and what we have learnt
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2 July 2024 | 19 replies
people get great joy talking doom and gloom and Armageddon.I’ve been in the RE biz since 1978 and been thru several economic and market cycles.Stagflation in the 70s, 17% home loan rates in the early 1980s, the failure of 1/3 of American Savings and Loans in the early 1990s, the dot com boom the dot com bust, the subprime crisis in 2008, Covid………I’m probably forgetting a few.
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1 July 2024 | 8 replies
Background: My wife and I have managed 3 properties in N GA since 2021.Has anyone ever included customizable add-ons within their STR listing as a way to differentiate their listing but also increase profit?
4 July 2024 | 7 replies
I recommend you talk to a landlord-tenant attorney in your state.
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4 July 2024 | 6 replies
Hey Andrea, the markets you listed are pretty small and specific.