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2 November 2024 | 6 replies
I am the member of a single member LLC, where the LLC is on the title of a rental property, and trying to determine if it is exempt from AB1482, since the LLC does not have a corporation as a member, or if the LLC is binded by AB1482 just in virtue of being an LLC.Any help appreciated :)https://caanet.org/kb/exemption-from-ab-1482-addendum/
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7 November 2024 | 18 replies
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4 November 2024 | 10 replies
1) Rarely paying asking price or even "market price" for a property.2) Understanding how they may be able to reposition a poorly managed property for increased cashflow and value.3) Looking for creative financing, so they don't have to deal with a bank for a purchase loan.4) Understanding ROI, Cash-on-Cash, NOI, etc. and using those numbers to determine HOW MUCH they should offer on a property to meet their taget performance numbers.Funny, appropriate, recent interaction with a plumbing company.
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31 October 2024 | 8 replies
It's used to determine the cost of producing a product or service, and is a key tool for businesses to remain competitive and profitable.
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30 October 2024 | 11 replies
Thank you for the mental check on that.
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31 October 2024 | 7 replies
Determine if it is the agent, or the market.
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4 November 2024 | 12 replies
Again though, as a CPA I let the attorneys work with clients and determine what is best as the DIY options might leave you with a void that renders the LLC (or any entity for that matter) set up ineffective and useless.
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31 October 2024 | 19 replies
Why will likely determine how because if you are looking for cashflow vs. appreciation vs. quick capitalHow could it be househacking, brrrr, flip, long term -> You mentioned BRRRR, which is an awesome strategy but will only work in specific sectors of Chicagoland. finding the perfect brrrr in the current environment is extremely tough!
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31 October 2024 | 17 replies
Thank You @Wale Lawal and @Robin Simon Yes I am leaning towards BRRRR, though still figuring it out as to criteria of how much distressed a property should be or how to determine how much work it needs.
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4 November 2024 | 33 replies
As an agent, I literally get paid to be right when I determine fair market value on a listing.