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23 December 2024 | 6 replies
@Claude Diehl Selling a Solo 401(k)-owned property with owner financing is legal but involves compliance considerations.
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17 December 2024 | 1 reply
As the situation became more complicated, I involved a lawyer and began mediation.
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26 December 2024 | 3 replies
Simplified Approval Process - SB 9 requires ministerial approval for eligible projects, meaning they bypass discretionary reviews that often involve lengthy public hearings and bureaucratic red tape.
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23 December 2024 | 8 replies
Hey Keith,Usually, LLC's have to file contact information with the state, either an email or a phone number.
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15 December 2024 | 8 replies
I've done deed searches and look at different documents filed.
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20 December 2024 | 9 replies
I used an attorney to file for eviction and we had the court date towards the end of October.
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26 December 2024 | 6 replies
The BRRRR strategy is doable for a newer investor, but it requires a lot of effort, consistency, and hands-on involvement—it's not exactly a passive way to invest.Whichever route you choose, if you're taking on the bulk of the work to analyze deals and select the best ones, it’s important to ensure your partnership reflects the time and energy you’re putting in.
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25 December 2024 | 28 replies
They can choose to leave and you can both sign an agreement to terminate the tenancy, or, you are going to file for eviction and it will probably wreck their credit.
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20 December 2024 | 0 replies
There are several different types of income in the US tax code.Two main types are “active income” and “passive income".Active income is money you earn from working, such as wages from a W-2 job or income from running a business.Passive income is money you earn from investments like real estate, stocks, or rental income from your RE portfolio where you earn $ without actively working.Normally, you can't use passive losses (like losses from real estate investments) to offset active income like your salary from a W-2 job.That is unless you are an RE Pro.The reality is, that Real Estate Pro status is just a filing status similar to filing married or jointly.And if you are a real estate professional you CAN use passive real estate losses to offset active income from other sources.To qualify as an RE Pro you must:1.
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22 December 2024 | 7 replies
This gives them significant control and security.Joint Venture Agreement with Personal Guarantee: We establish a Joint Venture (JV) agreement that includes a personal guarantee, providing an additional layer of security for our investors.Memorandum Filing: We file a memorandum in the county where the property is located.