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19 July 2024 | 7 replies
Don't trust a company - especially not some large nationwide corporation, which employs people you have to track down!
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20 July 2024 | 10 replies
When you apply for conventional financing on the next property, one of the questions you will be asked is, "Are there any debt obligations that you are responsible for that are not disclosed in this application?"
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18 July 2024 | 3 replies
If you haven't followed solid corporate practices, the lawyers get to go after your other assets too.
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19 July 2024 | 5 replies
Simple answer, yes these are all normal things to utilize.However, as to how they are used - that will depend entirely on where you are going and what you are trying to accomplish.For tax purposes, given it is generally a bad idea to use an S-Corp or C-Corp for holding real estate, any other tax structure will have absolutely no difference from one another - IE an LLC taxed as a partnership, an LLC wholly owned by you and disregarded for tax purposes, owning directly, or owning through a revocable trust - all of these have the exact same tax result at the end of the day.
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18 July 2024 | 3 replies
So if the landlord only owns one four-plex, or two duplexes, or a single and triplex, and the landlord is a natural person (not a corporation or partnership), or the landlord is an LLC in which all members are natural persons (no corporate or partnership members in the LLC), the landlord can still require two month’s rent as security deposit.So for those CA investors who invest in properties with four rentals or less, and place each rental property into its own LLC, and the LLC members are all natural persons, those investors can continue to require two month’s rent as security deposit.
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19 July 2024 | 0 replies
As part of the Biden/Harris plan to boost housing affordability, the White House is proposing a 5% maximum annual rental rate increase for corporate landlords (or forfeit federal tax breaks).Single-family rents rise faster.
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19 July 2024 | 8 replies
So. it’s not uncommon to request proof of rent depositsvia bank statements and corporate/LLC tax returns.
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19 July 2024 | 6 replies
Basically - any legal filings that come into play during that redemption period could cost you the house - but you wouldn't lose your money as long as you didn't default on your obligations to the court / auction.In Florida there is no inspections of foreclosed properties.
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18 July 2024 | 5 replies
A Heloc is on a higher rate, shorter term and is a debt obligation.
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17 July 2024 | 14 replies
They actually have contracts with corporate clients and so your pool of prospective renters are higher.