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10 July 2024 | 11 replies
That you wisely build in the costs for replacement linens and towels (also offer black face towels), possibly don't use high-end top-down shades in the Bunk Room (although those black out shades match all the shades in the rest of the house and it's a high-end property), chalk can be brushed, semi-gloss on walls for easier clean-up... and yes, there are clear check-out directions to run the dishwasher provided via an online guest book, a physical guest book, and an email I send regarding check-out the day before they check-out.
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11 July 2024 | 22 replies
Other benefit on paying extra on one only is that if/when interest rates drop then better to refinance one mortgage (with higher loan amount) to save cost over two refinances.
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8 July 2024 | 27 replies
Now the house is closed and almost ready for renter, I set up a LLC in GA.
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8 July 2024 | 3 replies
How should I set up my business structure so that income from my rentals doesn’t increase my personal income reported to the IRS?
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11 July 2024 | 8 replies
But I know that finding the balance on the pro forma between the cost of the land/construction and the density of the development (which drives rents/income/cash flow) is always the challenge.
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7 July 2024 | 4 replies
Their name is Southern Impression Homes, and they build new and set up property management and are positioned as a turn key investment opportunity.
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10 July 2024 | 2 replies
In the meantime, I am trying to better understand the Indianapolis (Fishers, Carmel) real estate market and considering getting a realtors license.In Indiana, the cost for the real estate licensing course is approximately ~$580 and an additional ~$80 annually to maintain.
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11 July 2024 | 11 replies
This requires an unexpired passport and bank statements showing down payments and closing costs which would need to be translated and in U.S.
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8 July 2024 | 5 replies
Either set up a legal partnership to do the whole project or move on.
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5 July 2024 | 2 replies
**Additional Tips**: Any other advice or insights from those who have successfully set up and managed an LLC for their real estate ventures would be greatly appreciated.I want to ensure that I set things up correctly from the start to avoid any legal or financial issues down the line.