Jody Bowen
tax guidance and help
3 October 2020 | 6 replies
JBOn a very high level, for a personal service S Corp, there might be some saving if you don’t pay yourself the entire net income as salary.
Joseph Sharp
How do I start researching my market?
7 October 2020 | 7 replies
If Greenville continues to boom like it has the past 10 years, I suggest any house you buy will prove to be a good investment.My comments are high level broad brush but I believe ultimately true.We can fine tune a little at the margins of your property search.I continue to invest in Greenville and am optimistic about its future.
Alberto M.
How to find investors for your properties?
20 October 2020 | 12 replies
It’s been a long way with lots of learnings, successes and failures.We now have our own management and repairs team, SOPs and we feel we are ready to take the business to the next level.
Dylan Petersen
Need some finance advice (career change)
3 October 2020 | 4 replies
If its too long (a lender would have to weigh in), then it may not work depending on the level of "guaranteed W2" income.
Jason Flint
Buy an investment property without paying higher interest rate?
9 October 2020 | 10 replies
We recently refinanced 5 investment properties using Freddie Mac's Loan-Level Price Adjustments.
Annie Dillon
Close in one day without title company?
4 October 2020 | 15 replies
a lot of agents just send the contract to title company and Duck have no clue how the mechanics work.My Daddys old real estate attorney told me when I was about 10 or 11 he said you want to make money in this business you go learn how title works and how to research at the courthouse, how to find Plat maps that were recorded 100 years ago.. just dive into all the public records its fun and gets you to another level and you are not so beholding on other companies to do this for you its not a money issue its a time and speed issue.
Nicholas A.
First Duplex Purchase With A Partner
3 October 2020 | 2 replies
@Nicholas AjaThe easiest way is to make sure you’re both on the deed and mortgage, by default in doing this the laws offer a lot of base level protection for the both of you such as disposition on death, etc.The next level would be to draft an operating agreement up between you both through a lawyer.Another layer of protection is to require your tenants to have renters insurance so they would use that before they go after you personally.The biggest single layer of protection though is communication and to make sure you’re on the same page with timeline, goals, expectations, work schedules, and budgets.Good luck!
MarieChele Porter
Property manager ordered wrong size refrigerator
12 October 2020 | 48 replies
Its micro managing at a level that is deleterious to operating an out of state rental.
Dallin Jolley
Getting Started with Short-term Rental
14 October 2020 | 10 replies
When comparing PM rates you gotta compare apples to apples and determine what service level you want.
Wesley Myers
Discounts for family/friends or return guests??
10 October 2020 | 11 replies
They make THE worst guests.I also believe if you’re hanging out with people that want to stay in one of your properties at a discount it’s time to level up your friends 😂Past guests -I don’t have an issue with giving a couple bucks off but it’s been ages since Ive needed to.... they don’t ask.