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9 April 2024 | 1 reply
Are there important considerations for having a manager managed LLC (as the only manager) vs a single member LLC specific to 1) real estate buying and holding, 2) for tax filing (E.g., as a disregarded entity) or 3) for how you represent your LLC (e.g., what title you can use to sign off) if you have a manager managed LLC as the only manager vs having a single member LLC?
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12 April 2024 | 27 replies
Following David Green's Core 4 strategy (realtor, contractor, property manager, and lender) gives confidence to invest anywhere.
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13 April 2024 | 8 replies
They do all their own property management and repairs (unless a licensed contractor is needed).
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12 April 2024 | 6 replies
What you need is a good property manager who is very familiar with the area, to steer you away from the war zones.
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12 April 2024 | 2 replies
Monthly, I'm seeing a net profit of $1400, and I've managed to save up 6 months' worth of emergency funds.
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13 April 2024 | 13 replies
The HOA finances were badly managed and the homeowners would argue with the HOA board members.
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12 April 2024 | 0 replies
I would definitely hire a management company if I plan to rent the property.Back up plan is to stay there two years, sell the property and avoid paying taxes.Fellow BiggerPockets community, I would love some advice on evaluating whether I should flip the property to reinvest in a bigger home or multifamily unit or rent the property with a management company?
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11 April 2024 | 10 replies
I was originally going to manage the project myself and sub out all of the work.
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12 April 2024 | 11 replies
We manage a few units there and it is really tough tbh.
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12 April 2024 | 2 replies
… I’m getting too old to manage and fix the place up plus, I’m moving out of town, 16 miles away.