Consult with legal professionals to ensure compliance and protect your interests.Emergency Fund: Maintain a reserve fund for unexpected expenses, vacancies, or periods of economic downturn.Regular Maintenance: Implement proactive maintenance measures to preserve the value of your properties and minimize the risk of costly repairs.Long-Term Perspective: Adopt a long-term investment strategy and avoid making impulsive decisions based on short-term market fluctuations.

I have always been more comfortable wearing my work boots than I ever have been in a suit.

I manage 4 properties through them currently and will be adding another one shortly.

PA Real Estate Attorney HereThe short answer is it all depends.

If your interest rate is 10% I have to believe this is a short term loan.So, just a heads up, if you had to use your father it is probably because of his credit and b.g.

What I’m really intrigued on doing is getting a short term rental, mainly because of long term appreciation and I can depreciate the first year and potentially reduce my other businesses income so there would be a tax savings there on top of some monthly income coming in.

If you want to do short-term or have kids who like Disney, I like Orlando for the potential scale and the usability of it.

Purchase price: $325,000 Cash invested: $11,375 New primary residence that will be turned into a short term rental What made you interested in investing in this type of deal?

We are taking a loan out on the LLC with one of us as a personal guarantor; from my understanding, this is a commercial loan. 

However, if he’s not fine with it and expects you to honor the terms you agreed to, maybe plan on honoring your word but on a short-term timeframe, planning to sell and move on and make better decisions with the next one.