Check out Delaware Statutory Trusts as a backup.

If you proceed with a 1031 and don’t want to manage property, you might consider checking out Delaware Statutory Trusts (DSTs) as an option.

Hey BP! closing on a fourplex in Folsom PA at the end of the month. was going to use a property manager but ill be living in one of the units for the first year( FHA loan) and will only be renting out 3 units. while t...

You can set up your LLC or SLLC in a AP strong state like TX, NV, DE. then invest wherever you want in whatever state you want.

Based on your posting the damage seems to be extensive, especially since it’s affecting the structure of the home such as a floor beam, sill plate and subfloors.It appears there is active termites as well as a beetle issue and both must be resolved before repairs can de done.You didn’t mention home value, just purchase price so it’s difficult to say what to do from this point.At a minimum, I would have the termites and beetles dealt with and get a bond from the termite company to cover the first year for more treatment.Also, have a licensed contractor give you a repair estimate.

I just purchased my first rental property in Wilmington DE  yesterday and I need some help finding a roofer and someone to replace a central AC.

I currently reside in Delaware.

Hello BP family,  I’m under contract on a triplex in Propspect Park, PA, Delaware county.

To use this type of contract it would be good to get legal counsel on whether it could be considered a de facto net listing.

If you don’t want to go the management company route and are comfortable with going passive, check out DSTs (Delaware Statutory Trusts).