2 May 2024 | 41 replies
Especially for a person working by themselves that does a decent job.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2999339/small_1713552553-avatar-shirleyl46.jpg?twic=v1/output=image&v=2)
3 May 2024 | 18 replies
House hacking will also give you some personal "property management" experience.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2919090/small_1705173853-avatar-amirjr.jpg?twic=v1/output=image&v=2)
30 April 2024 | 9 replies
Hey @Amir J Reichental, There are small pros and cons to this: Home Address:Pros:Privacy: Providing your home address keeps your personal information private, as it's not tied directly to your business.Convenience: If you're already receiving mail and other communications at your home address, it may be more convenient to keep everything in one place.Cons:Risk: Using your home address exposes it to potential risks associated with the property owned by the LLC, such as lawsuits or creditors targeting your personal assets.Tax Implications: Depending on your jurisdiction, using your home address could have tax implications, especially if you're claiming any tax benefits or deductions related to the property.LLC Address:Pros:Asset Protection: Using your LLC address helps separate your personal assets from your business assets, providing an extra layer of liability protection.Business Image: Using the LLC address for business-related documents can help establish credibility and professionalism for your company.Cons:Public Record: LLC addresses are often part of public records, which means they may be more accessible to anyone who wants to find information about your business.Mail Handling: If you don't have a physical presence at the LLC address, you'll need to ensure mail forwarding or a reliable method of receiving important documents.Ultimately, the decision depends on your specific circumstances and priorities.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3006912/small_1714166226-avatar-mohammada182.jpg?twic=v1/output=image&v=2)
3 May 2024 | 9 replies
I prefer multi-family assets for this.
3 May 2024 | 11 replies
It is either rented or it's not and when it's not it can quickly become a financial alligator.I would be surprised if a duplex in Lansing was more expensive than a single family house in Maine.As far as managing from a distance without a property manager, I would not advise it personally.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2793689/small_1690940418-avatar-peytonl18.jpg?twic=v1/output=image&v=2)
3 May 2024 | 8 replies
Online auctions such as auction.com or hubzu.com or even in person auctions.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3012837/small_1714747538-avatar-lataunya.jpg?twic=v1/output=image&v=2)
3 May 2024 | 0 replies
Business credit & personal savings How did you add value to the deal?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2993763/small_1712786005-avatar-forrestb31.jpg?twic=v1/output=image&v=2)
3 May 2024 | 25 replies
I personally haven't heard the best things about CA tenant laws.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/827207/small_1694682299-avatar-rebeccaj15.jpg?twic=v1/output=image&v=2)
1 May 2024 | 1 reply
I am looking for cash flow positive storage building in Texas, off a major highway, with value add potential, preferably in North Texas (Sherman/Denton/McKinney), Central Texas (Waco/Austin/San Antonio), West Texas (Odessa), or greater Houston area.
3 May 2024 | 3 replies
You're the only member and the activity of the property is reported on your personal tax return.