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Having flipped since 2004 in this market, I held the belief that the General Contractors were the problem. So in 2016, I decided to see if I could be my own GC and it turned out to be a total disaster. So as of August...
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I recently started a wholly owned LLC to perform fix and flips initially, with the idea of transitioning to buy and hold as the cash reserves allow. Is there any tax incentive, or disincentive, to transferring my ...
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Hi Everyone,
I like to know what has been your experience managing the rental properties yourselves and what property management software/tool you have used. I have seen what Hemlane offers and it seems like a great ...
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Hello fellow investors, my question today relates to the use of an LLC for beginner investors. I understand the value of using an LLC to protect myself from personal liability, but here is what I am struggling to get ...
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Looking for a good managing software package for our res rentals... Any suggestions?
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I'm investigating various options for short-term cash for rehabs. A loan for 401k looks like a good option. Any gotchas to worry about? Below are the rates charged in one of my accounts (Fidelity). As I understand it,...
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Hello,
I'm serioulsy considering obtaining my real estate agents license and contracting with a local broker to manage properties. I have found a broker to work with and the set up would be almost identical to that ...
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Hi all, I hope all is well! Thank you for taking the time to review my post. I have an insurance related question. Please see below:Property type: 3 UnitLocation: Kansas City, KSYear built: 1911 (older property)Facts:...
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Hi everyone,I seem to be getting conflicting information regarding home insurance for my rental property. The agent says that usually the liability insurance is covered under my primary residence insurance policy. Tha...
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Hi all,Learned a valuable lesson in our first real estate purchase. I learned that one should be certain there are no prior inspections needed on the property by the previous owner. In the process of getting the renta...