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5 June 2024 | 10 replies
For me personally I learned that I want to very much limit debt I would rather only have a handful of assets that are very nice but they are paid for.. as opposed to 100 rentals with max debt and all the work that comes with it..
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4 June 2024 | 4 replies
If someone injures themselves and sues, they will be suing the LLC and not you personally.
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5 June 2024 | 21 replies
I personally have not used that data yet, but it is integrated with batch so you dont have to use 2 different systems.
6 June 2024 | 6 replies
Don't take this personally, but that is not considered particularly attractive granite, it's old school 'speckled' granite.
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6 June 2024 | 57 replies
Anything under 12.5k sqft I’ve found that the fixed costs are too much to achieve that 35%.40,000sf: This is just a personal rule of thumb where currently I’m trying to stay away from the spaces where the institutional players are operating (if I can).
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5 June 2024 | 3 replies
.- Continual market analysis to keep your prices neither too high or too low- For software, you'll need a PMS, some system for tracking operations tasks (we use Breezeway), communications tools for internal and external (we use Slack and OpenPhone, respectively)- The decision to self manage or outsource is a very personal one.
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5 June 2024 | 4 replies
Personally, I would have the tenant direct deposit the funds straight into your bank account so neither of you are paying fees.I recommend two accounts: checking and savings.
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5 June 2024 | 2 replies
There's < 2 months of seasoning for the purchase, cash into the deal is ~$975k w/o rehab (minimal planned so far - turnkey), purchased the property for 35-40% below assessed value, 825+ FICO, and would optimally like to pull out $975K-$1.15M of equity.Main scenarios we've thought of to accomplish this are: 1) structure sale of property from SMLLC to self and secure 30-year new purchase financing on deal (unsure if legal and tax implications if above initial cost basis)2) delayed financing (LTV restrictions a concern)3) cash out refi (seasoning concerns)4) DSCR (seasoning and rate competitiveness concerns)5) one of the above plus a HELOC, personal loan, etc.?
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4 June 2024 | 9 replies
Personally, I don't have any issue investing or managing over there.
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6 June 2024 | 4 replies
However, the tenant started missing rents but it seemed like she was going through some personal issues so I let her stay.