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16 October 2024 | 2 replies
... as I own my RE portfolio via my single member LLC is there a process that I can setup wherein the event of my death that LLC passes to my designated individual along with the assets owned by my LLC?
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17 October 2024 | 12 replies
Yes, I've closed on 4, rehabbed them, and they are all rented with tenants in place :)OK, and for these deals, I assume you use your own funds to acquire and rehab.With private money, you're now substituting some individual's funds for your own.However, unlike when it was just your money, you'll need to proceed with extreme caution to make certain your lenders are well protected if/when things don't go as planned.Private lending is its own whole profession.
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20 October 2024 | 32 replies
Maybe those local auctions would be a bit better for an individual investor?
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16 October 2024 | 0 replies
Conventional loan with a down payment from my individual income.
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14 October 2024 | 37 replies
A purpose-built LI policy can do so much and still enable RE investing--when, like you noted, it suits the needs.
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18 October 2024 | 8 replies
In your case, with a history of passing audits and having a CPA who is experienced in IRS representation, you're in a strong position should an audit occur.Regarding audit statistics, the IRS generally audits fewer than 0.5% of individual returns, with even lower rates for those earning under $1 million annually.
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15 October 2024 | 12 replies
You can also just elect to refinance all the loans individually but with the same lender.
15 October 2024 | 69 replies
It's up to the individual accredited investor to perform research and make an informed decision.
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15 October 2024 | 5 replies
Haven't had to worry about this yet but I hear it makes it impossible to evict if you accept even a partial payment so I'm glad I can choose my settings to only accept full payments•I can set up rent disbursements from different properties to go to different bank accounts for bookkeeping purposes that's niceCons•My only big complaint is that I cannot set up a general application link, I have to use the RentRedi portal to send an email to "invite" individuals to apply one-by-one.
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16 October 2024 | 25 replies
This could streamline your financing process and help you acquire properties more efficiently, enabling you to take advantage of investment opportunities as they arise.Understand US Financing: Familiarize yourself with the US mortgage market.