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5 April 2024 | 9 replies
What I am unsure about is if the whole 60-40 rule around payroll deduction vs owner distributions within an S-Corp can still apply in this situation if the filing entity will only be the S-Corp but the payments are made out of LLC #1, the disregarded entity owned wholly by the S-Corp.
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4 April 2024 | 7 replies
Offering owner financing can expedite the sale of your property.
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4 April 2024 | 6 replies
**Useful for Owners**: Property owners may seek a BOV/BPO when looking to refinance, make improvements, or price their property for sale[4].### Cons:1.
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4 April 2024 | 8 replies
Examples - owner occupied loans for house hackers, specific market knowledge (ie - friend of mine that ice fishes and bought a short term rental cabin in an ice fishing spot that you and I would never know of), ability to do renovation on your own or cheap, contacts with local companies or organizations that would be a tenant source for mid term rentals, ways to source off market deals, etc.Whatever it is, figure that out and get started.
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4 April 2024 | 21 replies
Regarding inspections, some PMCs will be at all, some will only be at the ones that have a high risk of failure or a problem tenant (renewal inspections).These are all questions you should ask when interviewing PMCs.Encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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4 April 2024 | 18 replies
What sites did you list on so that insurance companies would find your property?
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4 April 2024 | 2 replies
Purchase price: $825,000 Cash invested: $50,000 3-unit owner-occupied building in downtown Plymouth.
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4 April 2024 | 8 replies
Research owners and connect with them.
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4 April 2024 | 14 replies
I believe in my state if a prior owner lived in the property they need to be served in person which many times is not possible.
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3 April 2024 | 7 replies
I've used templates from BP and other sites like Avail as a start and then asked my attorney to incorporate additional language needed for MTRs like the utility caps, monthly cleanings, etc.