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17 October 2024 | 19 replies
She offered to pay a full rent's payment upfront, along with the deposit, to compensate for her current unemployment.Are there negatives or major red flags that are associated with this that I should consider as I evaluate her application?
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16 October 2024 | 4 replies
@Adolphus Fletcher For multifamily investing, most real estate investors typically use an LLC for several reasons:Liability Protection: LLCs protect your personal assets from lawsuits or debts associated with the property.Pass-Through Taxation: Income and losses from an LLC pass through to your personal tax return, avoiding double taxation seen in C-Corps.Flexibility: LLCs allow for flexible management structures and are easier to maintain than corporations.Anonymity: In some states, LLCs can offer a degree of anonymity if you use a registered agent and form the LLC in a state that doesn’t require public disclosure of members, such as Delaware or Wyoming.S-Corps are should be avoided for real estate investing because of various reasons.
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24 October 2024 | 139 replies
AND, for the items we did get at HD, I had a corporate account and weekly everything was ran through on purchases for my corporate pricing that in-store associates, even pro-desk, has no access to other than seeing what corporate sent them for my invoice.
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16 October 2024 | 5 replies
Real estate can be unpredictable, so having a diversified portfolio can provide more stability.Key Lesson #4: Understand the True Costs of Ownership Another critical lesson was understanding the true costs associated with real estate ownership.
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13 October 2024 | 3 replies
The mold remediation companies I've contacted (Tallahassee, FL) have quoted me $700+ to survey the home and create a detailed report however I'm not sure the home cleaning services will actually remove the mold well enough to keep it from coming back.
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15 October 2024 | 5 replies
A great way to start is by attending RE events and joining a local investors association.
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15 October 2024 | 7 replies
Some people have other income sources such as Social Security, pensions, etc.
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20 October 2024 | 84 replies
Paying off a property early will have an opportunity cost associated with it.
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17 October 2024 | 9 replies
If you pay rent while in Aspen, that housing expense will be factored into your DTI ratio (e.g. total rent paid in 5 months divided by 12 months).You should be prepared for your loan file to go to an underwriting manager for second-level review on account of the occupancy risk associated with your primary home being located so far away from your work.
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15 October 2024 | 9 replies
Just set up a nice place, air,vrbo and direct and the rest takes care of itself(considering you are investing in place where STR are allowed and have done associated diligence)