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31 January 2025 | 22 replies
I will provide more information later.The two main setups are:1- Holding company in Wyoming if I want Charging Order Protections advantages, then a Series LLC in Kansas holding my Kansas RE and another Series LLC in Missouri holding my RE in Missouri.2- Holding company in Wyoming if I want Charging Order Protections advantages, then form as many LLCs as I want inside of it, one per rental or one LLC per 2 o 3 rentals.Fees are pretty reasonable and the same as they disclosed before the appointment, on their website or youtube videos.
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31 January 2025 | 3 replies
The HOA (through the management manager) said OK, please provide a letter stating the door is the only way to make the unit ADA compliant, and I think it will be okay.A week later the developer presents a letter from an architect stating the door is the only way to make the unit compliant.
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26 January 2025 | 9 replies
So the idea of doing this all from afar is a bit daunting, however, I know the most important thing here will be to create a great team and outsource as much as possible.I have set my sights on a couple of different markets being in the Southeast and the Midwest; these markets seem to provide the cash flow I am initially interested in generating to value add to the properties I purchase.
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29 January 2025 | 24 replies
With investment properties, most lenders I work with prefer to have an address to work with in order to provide a "soft" quote, which does not include a hit to your credit.
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26 January 2025 | 24 replies
You need to provide at least 30 day notice to a tenant that you will not be renewing in NY State.
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30 January 2025 | 6 replies
Happy to provide insight or whatever.
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19 January 2025 | 61 replies
But if you want to use a conservative approach and use the extra cash flow to pay off debt versus further investing, I think that's a very legitimate way to go about it.
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4 February 2025 | 38 replies
Since the properties are in New York you have a few extra steps you need to do to keep all of your funds out of NYs hands at closing.Here's an interesting BP thread on the South Carolina property tax issue you mentioned. https://www.biggerpockets.com/forums/725/topics/604427-south....
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29 January 2025 | 15 replies
For example: We provide tax preparation and advisory services to people who invest in commercial (including multifamily) real estate, and high w2 earners investing in short-term rentals.
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31 January 2025 | 121 replies
We even did a mid-year check in meeting in person but felt like he did not provide us any guidance.