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21 January 2025 | 0 replies
My question is: How do I properly take the interest that my LLC has put into the new LLC and give it to my person for the purposes of getting a loan from the bank through a refinance.
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1 February 2025 | 4 replies
Quote from @Grant Shipman: Hey BiggerPockets Community,If you’re raising capital for real estate syndications, you need to be aware of SEC regulations—because one wrong move could put you in serious legal trouble.Many new syndicators think they can just start pooling money from investors without following the proper rules.
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3 February 2025 | 8 replies
I would generally say no if you don't have a property unless you're looking for peace of mind knowing that you've set your financial life properly.
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25 January 2025 | 6 replies
Start by talking to a cross-border CPA and attorney to handle taxes and legal structures properly.
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19 January 2025 | 1 reply
However, I am unsure on how to go about finding the proper handyman/maintenance guy/management team to help run any out-of-state investments I make.
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24 January 2025 | 6 replies
If you are looking for proper guidance from someone that has house hacked quite a few times and has the knowledge and experience to help get you going in the right direction, I recommend reaching out to @Josh Green.
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7 February 2025 | 8 replies
A CPA can ensure proper filing of rental income on Schedule E and help identify tax-saving strategies, such as optimizing deductions for maintenance, repairs, and travel.
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5 February 2025 | 16 replies
Take ownership of your mistake and learn to do the proper due diligence recommended above😊Thanks Michael !
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3 February 2025 | 79 replies
I claim if you properly allocate for sustained expenses this is negative cash flow.
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5 February 2025 | 7 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.