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21 February 2021 | 5 replies
Your mind is definitely already in the right place.One of the things that's helped us scale multiple businesses relatively quickly has been to build from day one the systems and infrastructure necessary for the size company we intend to be in the not too distant future.Of course, this forces you into the position where in the early days you're spending more time, energy, and resources laying a foundation that isn't technically needed quite yet.Then again, it's really difficult to scale when you're constantly having to redesign or upgrade systems.My best advice, hire sooner than you think you should, and build longterm systems from the very beginning.So that's a general high-level take on scaling (which you're welcome to totally disregard if it doesn't apply to you!).
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21 February 2021 | 6 replies
@Timothy Lewis it’s a legal duplex with an extra unit that’s technically illegal.
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22 February 2021 | 11 replies
If it's established as a holding company can it still participate in joint ventures even though it technically isn't an operating company?
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22 February 2021 | 3 replies
Having a technical background and experience with building complex software applications I’ve accepted the challenge - identify the best market in the US analyzing public data.
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9 February 2022 | 12 replies
Technically, the two I own are in my home state, but far enough away to where all of the work I do is remote.
23 February 2021 | 3 replies
You can technically sell it and roll it into another fund within a year to maintain the tax benefits but it's really hard to find these properties that investment sense as well.
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1 March 2021 | 20 replies
I'm no stranger to operations but my experience comes from IT and mostly technical stuff :)
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2 March 2021 | 6 replies
in addition to the wastewater and drinking water systems (ask for compliance reports), should check condition of any above-ground storage tanks. although they may serve individual homes, MPH owners have been held liable when they leak because they technically good control their use and condition via leases.
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21 February 2021 | 12 replies
LOL, painful learning experiences. the senior deferral tax i got hit with was for 97k could not figure out why no one was bidding on the house in a prime location of PDX. my attorney got it down to 60k on a technicality..
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22 February 2021 | 8 replies
After the loan goes through, you put the property back into the LLC, which technically violates the due on sale clause but I have never heard a bank call the loan due.