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22 April 2024 | 1 reply
For tax purposes, having LLC hold the title would be the ideal scenario.
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22 April 2024 | 8 replies
I do plan on managing my first property myself if it's a buy and hold, and as I accumulated more properties I will be hiring a PM company.
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22 April 2024 | 1 reply
Investment Info:Single-family residence buy & hold investment.
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23 April 2024 | 8 replies
You may be able to find deals in areas that aren’t doing well, but if you can’t dispo them it won’t matterDiverse Pool of BuyersYou’ll mainly be selling to investors, but having a diverse buyer pool gives you more options in terms of exit strategyRegulatory Environment Low regulatory markets can help keep things simpleKeep in mind that regulations change quickly in many areas, so it's important to keep and eye on your markets for changeThings to consider; rules regarding holding a license as a wholesaler, probate laws/processes, STR rules, etcStrong Rental MarketThink from the end buyers POV.
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22 April 2024 | 6 replies
I bought it $135k and put $40k in so should be a nice brrr :) Rates are awful right now though so probably going to wait 3-6 months as its on an interest only currently and bank said fine holding note until I want to refi.
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22 April 2024 | 1 reply
Investment Info:Single-family residence buy & hold investment.
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22 April 2024 | 0 replies
Investment Info:Townhouse buy & hold investment.
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22 April 2024 | 3 replies
I also plan on forming 2 new LLCs, 1 for new acquisitions and 1 for marketing my buy-and-hold rentals.
23 April 2024 | 28 replies
Sometimes I get a hold of a family member who knows the person I am attempting to contact - which is my book is a win!
21 April 2024 | 5 replies
@Barb Knowles If you're just starting out, you may want to build up more cash before you start buying and holding if funds are low.