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22 January 2025 | 5 replies
From a tax standpoint, there are additional disclosures to make when selling a business asset for less than fair market value to a related third party.
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21 January 2025 | 3 replies
I would love to hear from others doing flix and flip in NYC on their experience on doing this business.
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23 January 2025 | 9 replies
I love learning ideas to make my business better from other local investors.
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20 January 2025 | 1 reply
I’ve had most luck with signs in front of my plaza and word of mouth - networking at Chamber of Commerce and chatting with other business owners in the area.
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23 January 2025 | 31 replies
The returns would then be distributed to investors, who would declare them as income in the U.S. under their country’s tax laws.I run a flipping business in Europe, working with foreign investors, including Americans.
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23 January 2025 | 7 replies
FYI I do have plenty of reserves for my other units already, but would like to keep each property separate.My question is, where should I draw funds from to pay the least amount in penalties, taxes, loan interest, etc. from the following sources I have available:- 20 year 401k loan for a property- Sell a piece of my stock portfolio at 15% capital gains tax- Take a HELOC against an existing property- Private money loan from a trusted partner I have worked with beforeAlternatively, I could pool the reserves for all my properties to ensure I can cover anything immediate and know that I could always sell off a piece of my stock portfolio if needed and have the funds within 3 business days or set up a HELOC and only draw from it if needed.Appreciate any thoughts or what you have done in the past.
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18 January 2025 | 3 replies
Hi guys, I have some questions about putting property into LLCs/protecting assets, any information is greatly appreciated: Question 1: my understanding is that an LLC needs to be actively conducting business in its registered state in order for the LLC protections to apply, otherwise a judge could potentially pierce the corporate veil.
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30 December 2024 | 3 replies
Quote from @Francisco Solano: I suggest you ask a business attorney in your state for this basic template.
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25 January 2025 | 12 replies
@Jonathan Blanco If you’re worried about $3000 in fees you’re in the wrong business.
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9 January 2025 | 12 replies
With investor's properties, depend on how risk averse they are, I fall under either just follow their criteria or maybe coach them my insight if I feel they are open to ideas.