I purchased a duplex in Ohio, and inherited the tenants. One tenant is an 11 year tenant, and the other is a 5 year tenant. Current rents are set at $600 and $625. Market rent is about $700. I have a property mana...
I have an LLC for my side business and I know the benefits of having one like protecting / keeping my personal assets separated, being able to write-off any expenses, etc.; however, I'm wondering if it would be better...
I did a quick search but didn't find a discussion about this.
How do you guys pay your contractors?
Do you guys let them quote the job knowing they need to pad it a little in case they mis-estimate the job?
Do you ...
So I run a full time mortgage business, and even though I’m in an industry connected to Real Estate; I just don’t have the time to become an active investor.My days are long and I’ve got a couple young kiddos at home,...
I had an electrician address a problem with my hot water heater, he fixed the wiring, but referred me to a plumber to replace the heating element and thermostat. The plumber wants to replace the entire unit for $2,800...
I have two questions:
My wife and I are forming an LLC. Can we both have a solo 401K?
Can a portion of a standard 401k be rolled over into a solo 401K?
Thanks for the help
Do you send questionnaire's to your tenants on ways to improve your services? The only feedback that I get from the tenant is through the property manager. I'm thinking of sending a letter to the tenants with a postag...
Ready to grow your real estate business in 2024? With another year in the rearview, it’s time to start dreaming of what your business could become in the next twelve months. Whatever success looks like to you, it star...
How do you know if a rental property will make enough cash flow before you buy? Budgeting is KEY. When breaking down a deal, it’s critical that you account for the costs of all capital expenditures (CapEx), maintenanc...
Hi everyone, I have some questions about how to set up LLCs for my properties and would love to learn more about your expert opinion. Currently, I have two rentals. One is in California (I currently live in this state...