All Forum Posts by: Adam Blachnio
Adam Blachnio has started 13 posts and replied 108 times.
Post: Can LLCs own rental property in other states?
- Rental Property Investor
- North East US
- Posts 114
- Votes 31
@Damon Wong
You need to go thru "foreign LLC" qualification and get the registered agent there.
Post: Collecting rents from a tenant without bank account
- Rental Property Investor
- North East US
- Posts 114
- Votes 31
@Michiko Gladman
Tenants may not want to pay extra fee and spend time to go somewhere to do this...maybe he is too lazy;)
Post: Owner wants to stay as tenant
- Rental Property Investor
- North East US
- Posts 114
- Votes 31
@Jonathan S.
No problem, you have one tenant less to find ;)
Post: Is a 100 million RE portfolio a reasonable goal?
- Rental Property Investor
- North East US
- Posts 114
- Votes 31
Originally posted by @Jordan Lucas:
@George W. 100 million seemed like a big enough goal that even if I didn’t achieve it I would still be setting myself up for success. I appreciate your detailed response and take note in the what not to do’s, budgeting, and practical advice for small short term goals that will eventually compound into something else!
Note, that $100M, 30-40yrs from now, will be worth arround 70% of what you're saying now ;)
Anyway, still worth of pursuing :)
Post: Is Kansas City, MO good market for OOS investors??
- Rental Property Investor
- North East US
- Posts 114
- Votes 31
I would use it as an issue to get discount from Seller.
Post: Why Most Of Investors Invest Only In Local Market?
- Rental Property Investor
- North East US
- Posts 114
- Votes 31
@Jhon Restrepo
I don't want to mix private life with business.
Treat it rather as your business satelite in other state.
Post: Why Most Of Investors Invest Only In Local Market?
- Rental Property Investor
- North East US
- Posts 114
- Votes 31
@Nick Rutkowski
Careful due diligence, without emotions is necessary for every kind of REI transaction.
Depends on type of wrong decision made, he can take adequate steps to sort it out.
I won't recommend anything if I don't know exact issue.
Post: Why Most Of Investors Invest Only In Local Market?
- Rental Property Investor
- North East US
- Posts 114
- Votes 31
@Nick Rutkowski
Do you become landlord to be financially free or to be "call me when you need" for all your unpredictable tenants???
That's my point.
Post: Why Most Of Investors Invest Only In Local Market?
- Rental Property Investor
- North East US
- Posts 114
- Votes 31
@Cory S.
That's what I'm believing in and doing!
Fully agree:)
Post: Why Most Of Investors Invest Only In Local Market?
- Rental Property Investor
- North East US
- Posts 114
- Votes 31
@Russell Brazil
What you mean by high disaster return?