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4 April 2024 | 15 replies
I have hesitation with out-of-state investing, and I would like be hands on with my rentals as well as not use a property manager.
4 April 2024 | 6 replies
Not only that but I also would like to connect with everyone, investors, private lenders, loan officers, tax consultants, attorneys, contractors, property managers ETC.
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4 April 2024 | 4 replies
Even if you create a non-CA LLC, if you are managing the business from California, you will likely be deemed to be "doing business" in California and therefore likely subject to CA taxes.
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4 April 2024 | 13 replies
I've been involved in many lease transactions, as well as managing properties occupied by both state and federal agencies.
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4 April 2024 | 38 replies
Also, make sure to visit personally and interview the manager/contractor, etc.
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4 April 2024 | 8 replies
Any advice would be highly appreciated along with some general contacts for property management.
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4 April 2024 | 1 reply
Additionally if someone is aware of good rental management local companies, let me know.
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4 April 2024 | 4 replies
Property 1100 sqft, 3bed 2 bath in Spring Area , is making $1400 in rent20% down = 38kLoan Origination, Closing cost = 5kLoan is 7.8 % ( investment interest is little higher ) out of 152k ( 190-138 ) = $1100 / month ( use mortgage calculator on google to calculate )Now add insurance 1200 / yearTaxes 3300 / yearProperty manager 1200 / yearThis is additional $475 per month, bringing you to a total cost of $1575 this is without repair reserves.
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3 April 2024 | 16 replies
Last time I looked the laws read In order to practice any kind of property management (applies to STR technically but is kinda gray area) in Alaska you need to be a licensed agent under a Broker unless you manage 4 or fewer units or if they are your personal units.
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4 April 2024 | 4 replies
Most banks hire 3rd party asset management companies handle the sale, so if you call the bank they will just pass you off - that will be after being tossed around from department to department for two hours.