Jared Chipkin
Starting a PM company to Handle my rental property
I currently own one rental property (plan on purchasing many more) I would also like to start a property management company that takes care of everything. What is the best way to set this up?I purchased the first hous...
Account Closed
Is getting a GREAT deal unethical?
Apparently, I'm guilty of elderly abuse for getting this great deal. I recently posted on my real estate investing IG page about a 3-plex that I was lucky to purchase in late 2018 for $25k, with $2100 rents. It didn't...
James Hamling
Media says end of R.E. at hand....... is this the end????
Everywhere a person turns today it seems to be a constant assault of some messaging about impending doom in Real Estate. From Youtubers too mainstream media, it's everywhere, sounding off of various frameworks of same...
Steven Blanton
Seller Wants Me To Sell Their House And Keep the Spread
Hi,
I ran across a property that I initially thought would be a lease option. The house is extremely nice 4300s/f house in a great neighborhood and the retail prices $360K. They seller decided at the last second of...
Thea Linkfield
Switch Property to LLC for tax purposes?
Hi all! I have a property I bought through the Duval County Foreclosure website with cash. I am working with 2 people on fixing it up and flipping it. The property is in my name. We are going to split the profit evenl...
JT T.
Assisted Living Facility Questions
Hello all, we are looking at building an assisted living facility, but we are not sure what way to take this. I am looking for anyone who is knowledgable in this arena. If you would PM me that would be great. We ha...
Dominick Petrellese
Outrageous Winter quarterly Water Bill
Thank you for adding me to your group!
We are a retired couple, empty nesters, living in New Jersey. In February 2023 we received an outrageously large quarterly water and sewer bill from our municipal water utilit...
Marc Littmann
The Fair Tax
This is my first forum question, so thought I'd start out with something light, such as tax reform. I just re-read "The Fair Tax Book" by Neil Boortz and former Congressman Hal Linder. Has anyone read this book y...
Joe Koppel
I think I need to start over and re-frame my question
I am at the end of a divorce and had to sell everything. My home is on the market for sale right now and when it sell I expect to have $100,000+ free cash and I want to but some rental properties to get cash flow goin...
Mark Beekman
25% for property manager?
I was just told by my real estate agent that property management firms charge 25% of gross income!? I thought they usually charge between 5% and 15% depending on the services (with the 15% covering just about everythi...