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19 February 2024 | 10 replies
In fact, you can move the ownership now into and LLC or trust (without selling), which is actually probably a good idea if the plans are for you to inherit the property (helps with probate etc).I am a fan of “trading up” meaning selling one property to get into a better neighborhood or better house.
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18 February 2024 | 6 replies
@Tom Server we have had owner/investors hire us when they’ve actually lived in a property (duplex/triplex) because they did not want to deal with the tenants or have the tenants know that they were the owner.
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18 February 2024 | 2 replies
The area as a whole is actually very affordable compared to other areas.
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18 February 2024 | 4 replies
You can vet them here by checking out the references on their profile page and actually talk directly to folks who have worked with them.
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18 February 2024 | 2 replies
If I had to choose between the two, I would say:The benefits of having actual operating experience & expertise for MF and rental assets are far greater than the benefits of being a spreadsheet ninja.
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18 February 2024 | 2 replies
Got to be careful and really clear here - its not an unreasonable ask - but its a totally different request (and will be challenging) to be requesting capital investment from a partner with zero actual monetary "skin in the game"
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19 February 2024 | 15 replies
I'm actually looking at a third option of cash out refi the home, the partner with someone with the cash in my next investment.
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18 February 2024 | 31 replies
So it will actually cost you both more money to use airbnb.
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20 February 2024 | 16 replies
I actually looked up the definition of private lending one time, and the best that the internet could come up with is that a company could call themselves a private lender if they have direct access to the money at their company.
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16 February 2024 | 9 replies
I used to live on-the-ground in Detroit Metro from 2017-2022 and actually grew up in Michigan as well.