Dana Boyd
LLC or LLP for STRs. Is it Necessary?
7 September 2021 | 4 replies
Having an LLC is not necessary.However, it should be decided once you have a conversation with an Attorney and an Insurance agent.Some factors that come into play are1) Your Net worth2) Your Risk Tolerance3) Your Risk Exposure
Damon L. Davis
SDIRA LLC - Start a new SDIRA LLC?
7 September 2021 | 2 replies
Adequate insurance is generally recommended as a first line of defense and may play a part in this decision as well.
Paul Smythe
The end of the mom-and-pop investor?
7 September 2021 | 44 replies
I have no clue if she talked to any buyers besides myself at any point but without playing games I told her I could pay her what she asked for.
Dillon Hamman
Great areas to start a real estate investing career in?
9 September 2021 | 7 replies
A lot of investors seem to be buying in here as long term defense plays.
Paul Dashevsky
ADU & Garage Conversion in Los Angeles - for investors
7 September 2021 | 2 replies
Storage areas can include built-in cabinets, closets, attic space, and even outdoor sheds, etc.Laundry: Including a laundry area and machines is a big bonus for tenants, as they compare that with apartment living where they would have to use common laundry machines that require payment.HVAC: Make sure to include an effective dual heating & air-conditioning system to service the ADU, so your tenant is comfortable in the unit.Kitchen island: It may be difficult to squeeze in a kitchen island in a small ADU, but it’s a big bonus if you can make the space.
Andrew Agosto
Introducing Myself - Getting Started in Minneapolis - Buy/Hold
5 October 2021 | 12 replies
Mailers are long term plays, expensive, and have a low success rate.
Clayton Hepler
Can I use a HELOC or LOC as a downpayment for another House Hack?
6 September 2021 | 2 replies
Defintely talk to a lender because there are a ton of factors that will play into the amount of next mortgage you can get- the biggest ones I dealt with were DTI ratio and the monthly payment I would have to make on that HELOC.
Jorge Vazquez
HOAs are dictatorships, stay away from them!
9 September 2021 | 7 replies
I wasn't playing any music, I was sitting working on my computer and there was no noise.
Alex Coelho
Miami Market Sept 2021 Question
9 October 2021 | 7 replies
Unfortunately the building I bought in does not support STR but I still think its a solid play as a regular long term rental.
Boris Le
Business type for owner occupied rental property in Illinois?
12 September 2021 | 8 replies
And it's completely up to you and the amount you are willing to spend.If you are planning on making real estate a long-term play then you should definitely be on the hunt for a good accountant and attorney.