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10 May 2024 | 4 replies
Each time you reach out, keep the tone friendly and professional.
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10 May 2024 | 6 replies
@J Shoe I will start by saying consult with a personal attorney and CPA (and have them work together.)Typically people buy in an LLC just to keep their name off the record and for asset protection and operation agreements.As a sole investor a lot of people will buy in their personal name so they can more easily obtain quality financing, and then move the asset into the LLC.A lot of people of California use trusts (DSTs) to hold the asset, so they are not contributing to the problem of over taxation in CA, as CA has a franchise filing fee of $800 every year for each LLC.Just some things to think about, but find the professionals that can tailor a system for you personally.Cheers
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10 May 2024 | 7 replies
Any information/advice is appreciated and also how to properly set up our company, how to eventually scale our portfolio and looking to learn more about funding and DSCR loan.
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10 May 2024 | 116 replies
We intentionally buy higher end homes that appeal to professionals.
9 May 2024 | 0 replies
No risk=no reward Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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9 May 2024 | 9 replies
You don't want to be getting this advice from the forum unless its from a qualified professional.
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11 May 2024 | 53 replies
Biggest thing is to make sure the agent and title company are competent in Seller Financing, I personally close my Seller Financing deals with a title company who has a real estate attorney on staff.
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8 May 2024 | 9 replies
i.e. what don't I know about managing a property management company that should give me pause about this?
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9 May 2024 | 8 replies
Accountants are in such demand, that the best are not even accepting clients half the time.The other problem I see often with accountants on here is that they specialize in larger investors, and have really high prices when you as a smaller investor do not need all the bells and whistles.Another thing I see is folks thinking they need to have a tax professional in their state.
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10 May 2024 | 14 replies
LANDLORD: friends posing as landlord, fake receipts, fake rental verifications---Professional PMC: we Google for their number.