Joe Vastola
Starting an LLC before first deal vs waiting?
1 December 2017 | 3 replies
It seems there are a lot of issues down the road with transferring properties into LLCs due to “due on sale” financing clauses and transfer taxes (2-4% in PA), in addition to the legal ramifications.
Drew Kimminau
Kansas City Rental Market
30 November 2017 | 1 reply
I ended up investing in Indianapolis IN because it's better cash flow.The only reason I'm commenting on your post is that I want to clarify that A class neighborhoods generally attract A class tenant but A class tenants are pain in the butt!!
Paul Bryzek
Using AirBnB as a Tenant.
9 December 2017 | 20 replies
Some growing pains and I didn't like being on-call/on-internet 24/7 for things that pop up while scaling.
Brian Zaug
How do you get your rent?
1 December 2017 | 28 replies
I kind of just followed his guidance but what a pain in the rear.
Richie Choy
Analytics and Automation
25 May 2019 | 8 replies
Here are some of my pain points:Given a particular property, what would be the typical expenses for this building?
John Park
Offer submitted almost a MONTH ago with NOTHING
7 December 2017 | 38 replies
What a royal pain!
Alex Huang
Thoughts on This Marketing Technique for Prospective Tenants?
25 December 2017 | 7 replies
Also think letting tenants pain is a bad idea.
Stacey Marsh
Need Your Advice: First Home, Questionable Roof Inspection
19 December 2017 | 16 replies
I co-own a property management company here in Huntsville and have a few of my own properties, we have gotten a few out of state clients that came to us with turnkey properties where something in their deal was a bad enough pain point that led them to switching over to us.
Brandon Reed
Buying vs. Renting When Young and Just Starting REI Business
19 December 2017 | 8 replies
You should make a big Pro/Con chart for renting an apartment vs buying a house.Renting an apartment:Pros: Little to no maintenance on your end, save a bunch on not paying property taxesCons: Not building equity (aka you don't own anything), proximity to neighborsBuying a housePros: mortgage interest deduction, after X years you own something that you can sellCons: Maintenance, taxes, insuranceBuying a property like a duplex and living in one side and renting out the other:Pros: Your tenants help pay for your mortgage and other expenses, you get to learn how to be a good landlordCons: You live close to your roomates albeit seperate units (this could be a pain in the butt if you have crappy tenants)Hope this helps!
Robert Williams
Rental property had a fire.
19 December 2017 | 8 replies
You will have to deal with the insurance company , that alone is a pain .