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11 February 2025 | 6 replies
Quote from @Trent Reeve: i would think they would have more amenities than a non-condo.I think the reference was how do you stand out from one condo to another when they are all identical, vs how do you compete with single family homes.
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17 February 2025 | 5 replies
Yet another reason, (albeit not in the top three) why all rental property should be in an LLC with a wife or child as a partner (even .1%) so as to file the Form 1065.Number 1 is liability protection, Number 2 is privacy, Number 3 is ease of transfer for estate planning, Number 4 is possible sale of the LLC to conceal sales price (also called drop and swap), Number 5 is having a single entity for financial reporting, Number 6 is brand identity.
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6 February 2025 | 3 replies
If your property is the only one without a driveway, then yes, it may lower your ARV.One of the properties I own has a neighboring property that is the only property in the area without a backyard and without a driveway, and it is fairly lower than all the neighboring properties, although it is nearly identical in structure.
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5 February 2025 | 14 replies
You first need to identity your goal for the money.Ā
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16 February 2025 | 27 replies
They'll require that you fill out a bit more information, and even ask forĀ a picture of you holding your driver's license next to your faceĀ to confirm your identity.
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8 February 2025 | 3 replies
Following this discovery, he promptly contacted his attorney to dissolve the LLC.Additional Questionable Entities:Dogwood Capital InvestmentsM&M Capital Finance LLCKey Takeaways:Conduct Thorough Research: Always verify a company's registration with state and local authorities.Scrutinize Documentation: Examine identification and corporate documents closely for inconsistencies.Verify Contact Information: Ensure that all provided phone numbers and addresses are legitimate and connected to the entity.Be Cautious with Payment: Avoid wiring funds without extensive verification of the recipient's identity and legitimacy.While the majority of direct and private lenders operate ethically, even a single fraudulent interaction can damage your reputation and finances.
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11 February 2025 | 9 replies
For tenant screening, applicants complete an online application, upload dox to verify their identity and pay a $45 screening fee (This is how turbo tenant monetizes).
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18 February 2025 | 22 replies
Quote from @Travis Timmons: Quote from @Travis Biziorek: Quote from @Travis Timmons: @Travis BiziorekĀ Both of you had virtually identicalĀ 1, 2, 3 lists...just felt like it kicked back a response based on similar prompts.
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5 February 2025 | 5 replies
Even on conventional renovation loans, most lenders and borrowers still use Certified 203k Contractors b/c the guidelines/timelines/rules/processes are almost identical.Ā