Hi All,Currently I am a Property Management Company with 20 units that I manage. At years end I will be forming an LLC and creating new contracts with the owners under the newly formed LLC.My plan is to just have 1 LL...
So I came across a house that has a motivated seller. Basically to the point where the person reduced the listing price around 60% and still hasn't been able to get a buyer. So, my question is would you buy a house th...
Hey All, We have a 16-plex that we are remodeling by improving the appearance and removing window unit and replacing them with mini splits. We're trying to rent them from $575 with no luck, but it's much easier to ren...
Hello BP,Does anybody have any input on managing properties long-distance? I’m 21 years old and active duty military. I own a duplex with my wife here in Beaufort. I plan on buying another multi-unit somewhere in Sout...
So lets say i get a deal that costs 200,000 but i got it for 180,000 under contract right?Then i do my due diligence. And i pay 2,000 for an inspection. And i find out there were 15,000 in repairs. So it means my real...
Hello,I purchased a STR that was built in 1966 and has cast iron pipes on a crawl space. The tenant moved in and said the water was backing up. I had the line checked / hydro jetted and inside the crawl the pipes look...
Any experience with a deferred tax trust vs 1031?Interested in actual experiences for wealth protection. Thanks in advance.
Lately, several potential tenants whose income didn't meet the 1/3 guideline (monthly income should be 3 times the rent) have offered to have a co-signer. The idea gives me the willies, and so far I've declined to go ...
Hi Everyone. I was wondering what the effect is on the value of an apartment building when replacing Section 8 tenants.For example, would two identical buildings be worth the same if their rents were the same (same N...
Some investors will use the BRRRR strategy where I’m from. Everywhere I read they mention things like appraisals coming in low, people not refinancing for what they hoped for, unexpected construction costs, it taking ...