Great company and local operation that does things right.Toledo is notorious for bad operators especially when it comes to contractors so the BRRR approach when investing out of state can end up in disaster.Just had a 1hr call with an investor that was going to purchase a property for cash and site unseen.A "reputable" realtor in town influenced him to buy without doing an inspection.Just by looking at the photo's, we could see a lot of problems with the property.Stay diligent and focus more on the people rather then the deals themselves.Much success 

The deposit we are willing to collect over the first few months if needed to lower the cost of entry.We are getting some calls, but lots of no-shows when it comes to appointments for showings.We had a lot of problems in the past with tenants bringing in drug dealers, homeless, and various other criminal activities.

Hello All,I am new to the forum -I have been contacting some people about STR courses, such as BNB inner circle, STR wealth academy.I am torn about taking a 2-4K course of these. 

@J Shoe I will start by saying consult with a personal attorney and CPA (and have them work together.)Typically people buy in an LLC just to keep their name off the record and for asset protection and operation agreements.As a sole investor a lot of people will buy in their personal name so they can more easily obtain quality financing, and then move the asset into the LLC.A lot of people of California use trusts (DSTs) to hold the asset, so they are not contributing to the problem of over taxation in CA, as CA has a franchise filing fee of $800 every year for each LLC.Just some things to think about, but find the professionals that can tailor a system for you personally.Cheers

I went through her Facebook, and turns out she runs a CPN business (credit profile number, for those who may not be familiar... people use fake names and SSNs, and credit profiles enroute to obtaining housing, cars, credit cards, etc.).I'm very bummed because I was gathering contractor quotes to have these damages added as judgements that could be garnished from her paycheck by the state, and now we've hit a dead end.

For 2023's tax returns, you can simply remove the activity entirely from the tax return including the assets, or you can make them inactive / out of service for legacy purposes.You might have a passive loss carryover on Form 8582.

We do have a good many people that come back our cabin every year.

Tons of great people and information here in the BP community!

Becoming a part of this community has certainly piqued interest and I look forward to meeting positive people in an environment where we share the common desire to be successful in the Real Estate Industry

A little secret not many people know about is the crazy Section 8 rents you are able to get in 19146, while market rent may be 1500-1800/month, Section 8 rent is up to $2580/month for 2 beds and $3120 for 3 beds.