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4 August 2024 | 5 replies
Keeping each LLC’s financials distinct helps prevent this risk.Insurance: Having adequate insurance coverage for each property and ensuring it aligns with the LLC structure can also be a vital component of risk management.Legal Counsel: Regularly consult with your real estate attorney to ensure your structure and practices align with your protective strategy.In conclusion, while running everything through your holding company might simplify bookkeeping initially, consider long-term implications and ensure you are safeguarding each property and your overall investment effectively.
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6 August 2024 | 6 replies
Educating your borrowers about loan terms and financial planning can go a long way in building trust and satisfaction.
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3 August 2024 | 6 replies
The nice thing about real estate investing is that there are SO many opportunities and strategies to help support your short and long term goals.
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6 August 2024 | 1 reply
If you want to be a wholesaler: find a seller and get it under contract for 100k, then email your buyers that you have it for 130k, close the deal and you make 30k2.
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6 August 2024 | 2 replies
Like everything else in Real Estate, you just need to negotiate the terms, length of loan, interest rate, early payoff, etc.
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7 August 2024 | 7 replies
Usually, long term speaking, it is best to keep as much property as you can and avoid selling (of course you must be making some sort of cash flow and not underwater)Good luck
5 August 2024 | 5 replies
This also leads owners to ASSUME simpler is better when it comes to management contracts.
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5 August 2024 | 14 replies
If you do decide to build, I would work closely with your builder while you're still in the due diligence phase of your land contract and make sure the numbers pencil before closing.
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8 August 2024 | 11 replies
If you don't allow them to stay, they will likely need to go to a long term stay hotel or something else similarly expensive PLUS pay for storage for their belongings, PLUS pay to move their belongings twice rather than once.
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31 July 2024 | 19 replies
Should I do long term rental or short term rental?