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Does anyone have any experience or insight on purchasing an LLC that holds property, as apposed to just purchasing the property in the LLC? Any benefits or drawbacks?I am looking at a couple opportunities; one that h...
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Hi BP - I had a bit of an early stage 1031 exchange question I was hoping to seek the collective wisdom of this group on.
Context: I have an investment property in CA which I'm going to be 1031'ing into a property i...
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I'm on my second set of tenants in my first two properties. I have the prior tenants' application, lease, DL's, paystubs, etc... What is everyone's experience with needing to hold on to this information? I can see ...
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Hi everyone,I'm an attorney and full understand the pros/cons of having property in an LLC, but one of the problems we are running into is that lenders are seemingly entirely unwilling to finance properties held by an...
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I bought this property to live in years ago. I paid about $430k which was around peak, The property could be sold for around $460k today.I owe $300k on this, so assuming a 6% realtor fee, I would get around $130k in ...
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Hi,I am a local investor in Suburban Austin area. I usually do make ready (paint, carpet, fence, toilets, fixtures etc.) on an acquisition before renting out. I intend to offend no one by this post. I am sure there ar...
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On Friday, we began our REI journey. We closed on our first property that our agent found off-market. It is a 2 BR, 2.5 BA, one car garage condo in Fairfield, OH. We got it below market and need to spend about $15K to...
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Just about to close on my 1st househack rental! I have to replace some of the locks and wondering if I should just make the jump to a keypad or smartlock instead of the cheaper/traditional lock for all units?Love to ...
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HI all!
I run a 1br STR in beautiful Ojai, California. We're consistently 85%+ occupancy and #1 ranked for 1person and 2person stays. I'm also listed on VRBO and booking.com, but not getting much action from either, ...
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I'm nearing retirement and considering what to do with a few rental properties that would net about 900 K, if I avoided taxes. I've owned both properties for about 20 years. I have been thinking it would be nice to re...