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14 July 2024 | 2 replies
If you mix funds, then any lawyer for a plaintiff -- say someone who has an accident on your property -- can "pierce the veil" of the LLC and show that all your assets, not just that one property, should be up for grabs.Cheers.
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14 July 2024 | 4 replies
I don't rent to people with pit bull mixes or chihuahuas.
11 July 2024 | 4 replies
I own a mixed use property in Hermann MO with only 5k left on mortgage.
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15 July 2024 | 17 replies
When the cat leaves, the mice will play".Most folks that invest out of state are cat's that are never present.So the realtors, contractors and property manager (The mice), are always playing and making a fortune doing so.You really need to spend a lot of time in establishing the right relationships in order to make it work from afar.Picking a market, visiting it regularly and immersing yourself in it non stop.Having family can also help but I decided a long time ago to not mix business with family and friends as it can get heart breaking when things don't turn out well.Wishing you much success
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13 July 2024 | 7 replies
We want the intel from the average family looking to move, mixed with long term investors and near term investors so it's a good mix.
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13 July 2024 | 5 replies
However, installation costs and procedures may vary, so it's worth getting quotes from both if you're not doing the work yourself.As a hard money lender specializing in fix and flip deals, I've seen successful investors use a mix of these sources to optimize their budgets while maintaining quality.
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11 July 2024 | 4 replies
It is very informal gathering with a mix of seasoned and new investors.
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13 July 2024 | 51 replies
It was good mix of potential renters.
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12 July 2024 | 16 replies
STRENGTHS- strong affordable housing market- cool city with a great feel- nicely mixed neighborhoods with properties in need of repair next to nice homes- large university, robust medical community- decent rents overall, currently trading at 8-10% cap rates- Micron promises growthWEAKNESSES- Micron hype is making people spend way too much on properties- pesky code compliance inspections here too- student housing area is incredibly compact and difficult to get in to- difficult to predict if a property will benefit from renovation or not- contractors are overwhelmed, difficult to get estimatesSummary: Syracuse is experiencing a lot of change right now, in a good way.
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12 July 2024 | 10 replies
An example of this would be mixing your personal money and LLC money in the same bank account.3.