
4 June 2024 | 1 reply
The lenders we have spoken to will only finance as a personal residence.

4 June 2024 | 3 replies
There are schools all over, including Wilmington for sure. https://dpr.delaware.gov/ has all the details on schools and requirements, typically the schooling can be done online and then the test is done in person at a testing center.

4 June 2024 | 10 replies
B is going through an eviction) The realtor said the main issue is whoever did the initial renovations cut a lot of corners and it shows when you go to the property, it looks perfect in pictures but in person not so much.

3 June 2024 | 7 replies
Personally, I've been investing more than 50 years and never looked at the demographics for a neighborhood one time because I always felt that you need more personal knowledge about the neighborhood e.g. whether it is blue-collar working people, whether it infested with gangbangers, what the ability to increase rents is, etc. and the only way to get a good feeling and understanding is to personally visit the neighborhoods in the daytime, evenings and on weekends because weekends and nighttime is when the bad people come out like cockroaches.

1 June 2024 | 3 replies
I would prefer to manage everything through the LLC's account for bookkeeping and tax purposes.Proposed Solution:Open a new joint personal account specifically for making mortgage payments.Transfer the monthly mortgage payment amount from the LLC's business checking account to the joint personal account.Document these transfers as "Owner's Draw" or "Owner's Distribution" in our accounting records.Use the joint personal account to make the mortgage payments.Questions:For the CPAs and accountants out there:What are the tax implications of this approach?

4 June 2024 | 42 replies
I must say that every person I’ve spoken to ( Jonathan, Abe, Tony) at Real Estate Skills team conducts themselves with integrity and provided excellent customer service.

4 June 2024 | 43 replies
The pricing wasn't the best since the beginning and that was my fault.I m just hoping for the minimum loss possible at this point and use it for tax purposes....

4 June 2024 | 9 replies
Also it depends if you hire a company or if you are hiring a person and paying them hourly - the hourly cleaner will be cheaper, but there's more management involved on your side.I pay $120 per turn for a 2br condo.

2 June 2024 | 26 replies
Wouldn't invest in that area, personally.

1 June 2024 | 5 replies
For the purposes of rental property management, a "broker's license" is required in the state of Tennessee.Question: Is a "broker affiliate" (or "...Associate" I think is the term in other states) license the same as a "broker license"?