G’Day BP folks,A fellow Toledo investor started a Facebook group revealing all local scammers.Mostly contractors.10+ years of investing in Toledo and stopped counting at $1m in losses.It’s just the nature of the beast and the cost of doing business in my eyes.Unfortunately, Toledo is notorious for bad operators and poor quality of workmanship in many industries.Maybe this group will help you not loose the same amount of cheese that I did $$$You’re welcome 😇 https://facebook.com/groups/786864700099337/

Hey Daivert, I have been selling properties in the Montgomery area recently.

As a result, I'll be selling my house and using the gains to put a down payment on a secondary house next to my current rental property.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

I would think about other options.1) Extension with current lender.2) Sell/rent - depending on the condition ?

You start with the "worst" property and sell it and 1031 into something that makes more income.

Because of material participation (I self-manage)/bonus depreciation/cost seg, we’ve been able to get all of our taxes back both years so far.We cannot keep going the way we have for two years, so that’s not an option.

Think, the USDA brining armed feds to shut down Amish farmers for selling their unpasteurized milk, or the FDA allowing harmful chemical additives in our food that are banned in hundreds of other countries.

I am married to a successful interior designer who serves luxury clients but can work with me to make rental properties look great for half the cost with her knowledge of what makes the most impact.

@Kevin DuongShort-Stay Rentals (STR) can bring in a lot of cash but also come with high costs for when guests come and go and tough rules.