Trent Reeve
What is the checklist for starting out in STR
For people completely new to thisThree seem obvious, purchase property (and ensure staged with furniture, kitchenware, etc, all ready to go), contract with cleaners. list property on platformsWhat are next steps?do yo...
Marlie Evans
Bonus Depreciation, safe harbors and Partial asset disposition
Now using the de minimis/routine maintenance safe harbors instead of bonus depreciation for appliances, carpet and the like. I don't understand why my taxes go up a few bucks when I change move an item (a kitchen appl...
Bob Malecki
The Big Short: Michael Burry on the Next Financial Crisis
If anyone who is newer to note investing needs a refresher course on what caused most of the NPLs we buy to be available, read The Big Short or go see the movie. Fascinating how corrupted Wall St. brokers and rating a...
Errol St Marthe
So i need Lead Certs
trying to register my unit with Baltimore city, they want me to register with Maryland department of Environment. Long story short i need lead certification cause the house was built before 1978. The entire finished b...
Jonathan G.
LLC vs. LP
What would be a recommended formation in Texas to acquire a property through an limited liability entity that will have limited partners contributing funds and a GP as a manager so that GP can maintain max control and...
Mike D.
How to properly assign a contract?
I'm a newbie investor from NYC just starting out in the business.
I've spoken to some investors from NYC and they suggested since my funds are limited and my credit is bad that my best options right now would be to a...
Jack Middleton
Rental agreement cost
I spoke with a lawyer last week about writing a lease agreement for me since I am renting my first property. He wants $750 for the lease. This seems high to me, but I want to be sure I'm legally covered. Any experienc...
Brad M.
Prospective tenant plans to have co-worker stay two nights a week
I just got an application that looks great. Solid income, over 800 credit, no criminal background (has law enforcement employment history). Applicant said that they do not have any pets, but they do have a co-worker t...
Vincent Chen
Finance option for non-US citizen or Green card for self storage
Just read several posts regarding the self storage finance,it seems SBA loan is the good way.But just talked with the bank who deal with SBA loan,it seems that you should be US citizen or Green card for finance.Any ot...
Bryan Mills
new landlord/"new property" low rents and no security deposit
New investor here "closed today" on a duplex...YAY!!! I want to make sure I am taking the correct steps. Current tenants have low rents and seller did not require a security deposit. To cover my butt I realize I need...