All Forum Posts by: Praveen Guthinabailu

Which course turned out to be the best for you?

@Gary Parilis Did you find any good contractors? I am looking for one right now. Thanks a lot.

@Tracey Marzich Please share his Ali contact via dm. Thank You.

Hello, I have a few questions on forming LLC:

1. I am a Florida resident - is it better to create an LLC in the state I choose to invest, e.g. Georgia?

2. Florida is better from tax point - does it make sense to register in FL instead? Or will I be taxed doubly in FL and GA?

3. Do I need to put a registered agent who is residing in Georgia? What if I don’t know anyone there

I want to rent my primary residence as a mid term rental (more than 30days stay). Due to the verbiage I am confused if I need to sign up for Certificate of use? Can anyone let me know what I need to register (City and state) to have my property ready? Thank you. Highly appreciate it.

Thanks to the vast resources from BiggerPockets, I am finally in process to purchase my first rental property. I will doing an out of state purchase in Taylor, Michigan. I am currently reviewing the inspection report and confused/scared if I should move forward with the deal or not.Please see attached photos of the inspection report. Can anyone please provide me with some feedbacks?

1. Is the sagging floor acceptable?
2. Is insulation and vapor barrier necessary?
3. Missing shingles in the roof- Is this something a handy man can fix? There is also some moisture stains in the roof.
4. Wires on the outside of the house seems to be defective. Should I hire a electrician to take a look at this?
5. Inspector recommended replacing the cooling system as it is more than 20 to 25 years old.
6. Windows are falling rapidly, is this a sign of structural failure?

Any feedback is highly appreciated. Thank you.