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7 December 2024 | 0 replies
I improved the structure What was the outcome?
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7 December 2024 | 2 replies
Houses that sustained fire events have long term consequences including structural damage and mold that results from water intrusion required to extinguish the fire.
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7 December 2024 | 18 replies
That’s a problem if trying to enforce a security position as a lender or Noteholder.You may gain control but economics will dictate structuring a deal to pay the problem spouse something as a “lovely parting gift.”
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9 December 2024 | 98 replies
It's a lot prettier.https://www.newsmax.com/newsfront/irs-wins-14-000/...A cryptocurrency exchange called Coinbase that deals with bitcoin and other digital currencies has been ordered by the IRS to start forking over information about some of its customers.According to Business Insider, a U.S. district court ruled that Coinbase needs to supply the personal information of 14,355 of its customers to the IRS as the agency tries to combat tax evasion.The customers affected by the order conducted Coinbase transactions of more than $20,000 between 2013 and 2015, which includes 8.9 million transactions.
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9 December 2024 | 6 replies
If you only plan on owning 2-4 properties, then there's really no harm in self-funding them unless you know a better, safer way to make more than the going interest rate on that money (most investment mortgages right now are about 7%, maybe effectively 5.5-6% after taxes depending on your brackets and tax structure).
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10 December 2024 | 11 replies
You will want to structure the LLC operating agreement where the lowest credit scores own the least in the LLC.
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5 December 2024 | 6 replies
But you need to structure it the right way from the beginning.
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9 December 2024 | 8 replies
It just needs to be rent ready as the appraiser will do a rent survey and that rent amount that the appraiser comes up will be used to structure the loan- more on that below.
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7 December 2024 | 6 replies
We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.Something else to keep in mind is your entity structure and how your entities file tax returns.
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5 December 2024 | 4 replies
This frees you to focus on higher-value tasks like growing your portfolio, owner communication, and big-picture strategy.2.Adopt a Portfolio Management Structure: Early on, I ran a departmental structure (separate teams for maintenance, leasing, collections, etc.), and it caused inefficiencies and communication breakdowns.