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3 January 2025 | 2 replies
Some hotels actually have a condo like structure, where people can own the units, but perhaps are limited on their personal use to only a certain amount of the year - the rest of the year it is in the rental pool managed by the hotel.If numerous room owners stopped paying their bills, you could get tax liens on numerous separately owned units.Hotels are a tough business, an issue I also see come up with them often is that they require refreshes, expensive and relatively often - at least once every 10 years, if not more often.
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12 January 2025 | 8 replies
@Stefano Mitrano I have seen numerous banks reacting if an asset is being transferred into an LLC.
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21 January 2025 | 6 replies
The investor “gave up” after numerous attempts to sell the lot or get a “refund” from the county proved unsuccessful.
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6 January 2025 | 4 replies
When I filed mine, one of my LLCs threw an error saying it was already filed, which wasn’t correct.
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30 January 2025 | 48 replies
Then I'd probably spread that $750k out amongst numerous operators and diversify across asset classes that I like (for me it would be industrial, multifamily, storage, and mobile home parks).
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16 January 2025 | 18 replies
To my great surprise, this was not the case.Additionally, the estimate for my tax preparation for this year was approximately $1,000 over the cost I paid last year (including the time I paid for them to correct their errors).
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16 January 2025 | 10 replies
There have been numerous people on BP talking about how they paid application fees but they could never get their loans closed on any deal brought to the company.
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6 February 2025 | 20 replies
Tenants save money when using a shared meter, so there's plenty of room for error when calculating how to distribute the charges.
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7 January 2025 | 3 replies
Additionally, not all transaction types support Locations, meaning you'll have to create journal entries to correct them—requiring a solid understanding of debits and credits, which can be time-consuming and error-prone.Instead, I recommend biting the bullet and upgrading to QuickBooks Online Plus for each entity.
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9 January 2025 | 11 replies
I’ve reviewed a number of theses DST’s across numerous asset classes and there performance /returns are generally fairly low and unimpressive.