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18 March 2024 | 5 replies
I check the SEC, FINRA, ratings websites for inside information on the principals in the company.
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19 March 2024 | 11 replies
@Mark Cruse and @Nathan Gesner are right on track, as usual....People are all too happy to rain on your parade, especially when they have failed themselves....misery loves company...It's kinda like verifying that they couldn't make it and therefore no one can.
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18 March 2024 | 18 replies
I purchased them with my company name & rehabbed them to find out that they both have a Morgage lien tied into it that i was not aware of.
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18 March 2024 | 2 replies
These experts may offer insightful information on investment prospects, real estate listings, and the neighborhood market.Serve as a Volunteer or Intern: Take into consideration serving as a volunteer or intern for a nearby property management business, real estate agency, or investment company.
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18 March 2024 | 4 replies
I also need information about reliable companies that can be used as a third-party for the exchange.
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18 March 2024 | 10 replies
Has been a huge headache for the bank and insurance company.
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18 March 2024 | 10 replies
As someone else mentioned there will also be additional expenses when you bring on a property management company.
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16 March 2024 | 58 replies
Could also hire a good STR company that can market the property better, price strategically, and offer better guest experience since the owner emotions are moved, which in turn ups the revenue.
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17 March 2024 | 16 replies
moving it to an LLC will not do much for you in the way of asset protection OR taxes (double check that with a cpa, everyone's tax picture is different). most people lean towards the LLC thing for legal protection, but a single-member LLC is a thin veil that's easily pierced. you'd be paying LLC fees & paying another LLC tax return prep fee, for what i'd say is nothing. if you do want to transfer the deed to an LLC anyway, you'd do a 'quit claim deed' with a title company or real estate attorney. if the mortgage lender ever says something you'll just give them proof that it's a single-member LLC and the one member is you (the original borrower).
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17 March 2024 | 6 replies
I have my broker's license and I still use my longtime realtor to show me properties; I just needed my broker's license to set up our property management company, and I also get to use it for full-time real estate professional purposes at tax time (I'm retired); I don't use it for looking at properties or anything of that sort.