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8 July 2019 | 29 replies
The LLC isn’t to protect your rental property (that’s what insurance is for); the LLC is to isolate your property so if you get sued no one can touch your OTHER assets that aren’t in the LLC.If you have valuable other assets (bank accts, stocks, bonds, brokerage accts, 401k, other houses, etc), then it’s worth considering an LLC for the rental property so if something happens & you’re sued, the lawsuit is isolated to just the LLC & not your personal assets (if done properly).
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11 July 2019 | 10 replies
Make sure when you approach those with the knowledge and skills you would like to have, you bring them something that will be valuable to them in return.
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5 July 2019 | 7 replies
Hi @Rashad Walser - personal relationships can be valuable.
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13 July 2019 | 20 replies
Congratulations, you have found one of the most valuable free resources on the internet for real estate investors new and old.
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2 July 2019 | 1 reply
(tile, paint, flooring, light/fan fixtures, new toilets, new exterior paint/siding, granite countertops, stainless steel appliances, backsplash, new cedar columns and shutters) What made you interested in investing in this type of deal?
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10 July 2019 | 18 replies
New construction - noZillow - irrelevantWhat you paid - irrelevantRental - irrelevantUnique properties can be hard to comp and it can impact price.IMO, a good real estate agent is one of the most valuable professionals a person can have.
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3 July 2019 | 27 replies
Tell them to stash away any valuables.
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17 July 2019 | 42 replies
Hire a PM because they do the things like financial reporting, tenant relations, turnover, repairs, and lease out in < 30 days better than you while you’re executing in your next deal or spending time that’s more valuable invested elsewhere.
10 July 2019 | 3 replies
My current agent is also an investor and has provided so much valuable information.
6 July 2019 | 11 replies
@Iskar SmithI recently read through that book as well, lots of good stuff, but one valuable idea not even related to Long Distance BRRRR was "most important next step" M.I.N.S.