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25 August 2024 | 21 replies
We are looking to put our house up as an AirBnB while we deploy and all of my research hasn't yielded much fruit.
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26 August 2024 | 2 replies
I personally use the income approach.
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28 August 2024 | 16 replies
Well Andrew I'm a wholesaler and if I had properties in your area you be the first one is call because I never leave a lead alone until they tell me to goto you know where, or the sell me their house.
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23 August 2024 | 0 replies
Hi everyone,I'm a licensed real estate agent based in the San Diego area, and I'm diving deeper into the world of real estate investing, specifically house flipping and wholesaling.
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26 August 2024 | 9 replies
I bought a house with my ex, and after a few years, we split up (on good terms).
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25 August 2024 | 57 replies
I work closely with the REC, AGs office and the state legislator in Maryland and DC on regulatory and legislative issues around real estate and housing.
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27 August 2024 | 4 replies
However these are probably not move in ready, so you might have to do renovations and you don't recover that.HOA liens are risky and you likely get wiped out at some point.I'd say mitigate your risk by NOT buying condo foreclosures, but neighborhood HOA foreclosures where the HOA dues are more like 400-$600/year, so maybe you pick these up for $1500 and live in a $300,000-$400,000 house for a year rent free.
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24 August 2024 | 1 reply
Hi! New investor here, looking to purchase our first investment property. Found a unique opportunity that will guaranteed cash flow for the first two years. It’s a market rate 2 bedroom 2.5 bath townhome in a communit...
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26 August 2024 | 8 replies
It's been a while since I've done one personally, but my last one was with Wells Fargo.
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26 August 2024 | 8 replies
Let's break down the pros and cons of each approach:Forming an LLC in the State Where the Property is Located:Pros:Compliance with Local Laws: Establishing an LLC in the state where the property is situated ensures compliance with local regulations and laws specific to that jurisdiction.Legal Clarity: It provides clear legal jurisdiction and may simplify any legal proceedings related to the property in that state.Perception: Operating with a local LLC may give tenants and local authorities confidence in your commitment to the community.Cons:Additional Costs: Setting up and maintaining an LLC in another state means incurring additional registration fees, taxes, and possibly hiring local legal counsel.Administrative Burden: Managing multiple LLCs across different states adds complexity to your administrative workload, including extra paperwork and compliance requirements.Tax Implications: You may face tax obligations in both the state where the property is located and your home state, potentially leading to double taxation or complexities in tax filings.Managing Through Home State LLC:Pros:Simplified Management: Handling all properties under a single LLC streamlines administrative tasks, reducing paperwork and simplifying tax filings.Cost Savings: Avoiding the need to establish multiple LLCs in different states saves on registration fees, legal expenses, and ongoing maintenance costs.Consistency: Uniformity in management practices and legal structures may contribute to efficiency and ease of operation across your real estate portfolio.Cons:Legal Exposure: Operating out-of-state properties under a home state LLC may expose your personal assets to the laws and liabilities of the other state, potentially diminishing the liability protection the LLC offers.Compliance Challenges: You'll need to ensure your home state LLC meets the legal requirements for conducting business in other states, which could involve additional filings and fees.Perception and Credibility: Some tenants or local stakeholders may prefer dealing with a landlord who has a local presence, which could impact your reputation or relationships in the community.Ultimately, the decision depends on your specific circumstances, risk tolerance, and long-term goals.