I just bought my second property, I manage everything myself. Should I create a management company? I buy cash and hope to buy a new property every year. I wanted to set up a system going forward. Any advice?
Investment Info:
Large multi-family (5+ units) buy & hold investment in Fairmont.
Purchase price: $98,500
Cash invested: $35,000
Property had a significant amount of deferred maintenance, but str...
Hey everyone. I own a 3 family in the Bronx which is also my primary residence. I'd like to start thinking about moving out and renting out my apartment. Each apartment has their own gas and electric meters, and all s...
I am a first time landlord. After moving out of my townhome and then working my butt off for the 48 hours to get the unit ready before the tenant move-in I forgot to give them the Conditions of Premises form to fill o...
In January I will be separating from the U.S. Navy and will be moving to Chicago. I have wanted to join the field of real estate for sometime now but after looking at postings on LinkedIn I have noticed that I am very...
I am a GC and a home inspector, we own a construction company. We are just about to purchase our first flip, we are currently renovating our primary as a long term property. I have received different advise on forming...
Hi Everyone, been a long time reader of BP, but this is my first post. I currently have 5 SFHs in the Pittsburgh area that I rent. These are all currently in my name, i manage the properties myself and have no due o...
Hi all!Hoping for a little guidance here. I am small time but growing. I currently own 2 SFH rentals but will soon have 5 rental units within 4 properties, plus a 5th property that I'll be flipping (to build additiona...
Seller listed two 4-plex units as an 8-plex and is selling as such. I'm wondering how this falls under appraisal and getting a loan? Would this be commercial since it's an 8-plex or would it still be residential since...
I don't fully understand how tax structuring work so here is my question and I don't have the best accountant. I have 5 houses with each home under it's multi-member LLC, my dad and myself. I have been filing each LLC...