Vibhu Arya
Buying 1st ever investment - a 4PLEX - need insurance guidance!
I'm looking to close the escrow in the next 3 weeks. This rental property title will be under a newly established LLC and I'm going through the loan procurement currently. Need guidance as I'm confused:
1) what all ...
Ashutosh Koshe
Starting LLC for the first time in WA state
I am looking for an advice on the best way to form an LLC in WA state. Along with my partner, I will be starting LLC for the first time in WA state. What's the best way to do this? I looked at a few online websites, w...
Vanessa Burgess
What does the percentage stand for?
What does the percent in the MAO mean/stand for? I understand there is a formula ARVx70%-repairs=MAO but what does the percentage stand for?
David Zheng
Basic Self Employed Tax Questions
Hey Guys, I'm about to go the self employed route and need a little help with how do setup my personal income taxso tell me if I'm going about this right....Heres just a simple example1. 5k rental income- 2k expenses ...
Collin Hays
Are you paying VACASA 39 percent of revenues? Probably!
Follow along with me here. You owe it to yourself. I was tipped off by this from a client that we took over today.
I went to VACASA.com and booked this cabin for January 11-14. The nightly rate is $127. The tot...
Henry Clark
Self Storage- Just Built, To Sell or Not
This is not your
situation, but just to walk through the different thought processes
in Holding/Selling that a friend of mine is going through.
Helped my friend get
into the Self Storage business and walked him th...
H. Jack Miller
Beware of Appraisals: I would not at face value, some of them are a joke.
I looked at a loan request today. I know the area very well in Philadelphia, without seeing anything my first thought was the property was worth 350k or so. The appraisal came in at 640k, the comps they used were out ...
Mike Keenan
Preserve 401K / IRA with Real Estate in Retirement
I am about 65 and thinking of retiring in about a year. I have in the last year bought one house and one duplex (60K and 30K) ($850 rent and $350x2 rent) ( I presently like my property manager.). I have about a mil...
Michael Lyons
Need Figuring Out if It’s Worth It... Triplex
An off-market deal was just presented to me and i want to see if it’s worth really looking into. It’s a triplex in a stable C+ neighborhood with potential for growth in Philadelphia asking $355,000.I’m told the rents ...
Mary Jay
What is the best entity to hold real estate- taxation wise?
Hey guys, Could you please help me out?Lets say I have one paid off property, if I put it into a trust- taxes seem pretty high...So its a no go...1) If I put it into a one member LLC then taxes are paid by the LLC own...