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1 May 2024 | 14 replies
For my personal portfolio I want to look back 10 years from now and be happy with the locations I decided to buy in.
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30 April 2024 | 140 replies
Very low barriers to entry here, even for those with average means.
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30 April 2024 | 25 replies
If you are focused, learn your market and learn to market, there are no barriers to entry.
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29 April 2024 | 31 replies
What I’ve shared is based on research and data collected so would love to know what you’re seeing personally and how it could differ!
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1 May 2024 | 27 replies
I found the wear and tear and guests that wanted to use this as a 6 person were not what I was targeting.
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1 May 2024 | 7 replies
If you cannot get your personal finances in order then I would not suggest building.
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30 April 2024 | 9 replies
Hey @Amir J Reichental, There are small pros and cons to this: Home Address:Pros:Privacy: Providing your home address keeps your personal information private, as it's not tied directly to your business.Convenience: If you're already receiving mail and other communications at your home address, it may be more convenient to keep everything in one place.Cons:Risk: Using your home address exposes it to potential risks associated with the property owned by the LLC, such as lawsuits or creditors targeting your personal assets.Tax Implications: Depending on your jurisdiction, using your home address could have tax implications, especially if you're claiming any tax benefits or deductions related to the property.LLC Address:Pros:Asset Protection: Using your LLC address helps separate your personal assets from your business assets, providing an extra layer of liability protection.Business Image: Using the LLC address for business-related documents can help establish credibility and professionalism for your company.Cons:Public Record: LLC addresses are often part of public records, which means they may be more accessible to anyone who wants to find information about your business.Mail Handling: If you don't have a physical presence at the LLC address, you'll need to ensure mail forwarding or a reliable method of receiving important documents.Ultimately, the decision depends on your specific circumstances and priorities.
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1 May 2024 | 2 replies
Jobs to consider include being a loan officer, a property checker/appraiser, an assistant to a property manager, a real estate agent, and a person who checks investments/underwriter.
29 April 2024 | 17 replies
It also has low-entry price points where you can be all-in on a single-family house for under $100k and still cash flow.Finally, you're seeing the appreciation story unfold as well.
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1 May 2024 | 3 replies
Most banks and traditional mortgages "Do not" allow foe the property to be vested or quit claimed into an LLC unless it specifically states it on the closing disclosures.In most cases even on DSCR loans the Bank/Lender still requires you to sing a personal guarantee even if they allow the loan to be vested into the LLC.