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13 January 2025 | 31 replies
I've found this to be super helpful: When someone inquires about the property Thank them and Send them the pre-requirements (Income, credit, no evictions) and ask if they meet them.
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12 January 2025 | 7 replies
@Janine Sharma The decision to classify your onsite mobile home park property manager as a W-2 employee or a 1099 contractor depends on the degree of control you have over their work.
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14 January 2025 | 25 replies
There are a bunch of reasons people sell a property.
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21 January 2025 | 31 replies
With enough knowledge you can make a educated decision on which approach you take.My experience:I personally don't sign up for any program who take you aside during events and try to sell packages that is just blatant sales strategy.Once you sign up there is every attempt to make you sign for their programs for bookkeeping, registered agent, LLC or corp setup fee which have ridiculous even with platinum membership.Basic standard structure they suggest to take advantage of multiple deductions can be easily achieved by proper education or work with a good firm like https://wcginc.com who is local to you.A umbrella C-crop to manage all other LLC properties and take advantage of many tax deductions that are not available with a llc, its also used to take losses up to 100K as startup expenses and dissolve the entity after few years.Few LLC entities for investing in Real Estate, etc preferably in Wyoming or Nevada ( you can find many companies online who can do this for $150 compared to anderson $1500-$3000) , they will claim they have a secret Operating agreement which is bogus.They certainly try to take advantage of tax loopholes and claim to be smart people, my view they are just taking advantage of numbers as per their own statements.
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25 January 2025 | 29 replies
If you aren't an excel expert I wouldn't bother trying to make your own or scour the internet for an analyzer tool that may or may not meet your needs.
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12 January 2025 | 6 replies
@Jason Khoury what would you do if you worked for a nonparofit and had to sell a property?
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15 January 2025 | 1 reply
I imagine people who've had 2nd or 3rd houses in hollywood hills are not interested in rebuilding or doing the work. How do I go about finding those who'd rather just collect the insurance money then sell it off at a...
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11 January 2025 | 9 replies
I would reinvest in a another property and use a 1031 exchange to detour taxes.
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13 January 2025 | 31 replies
Doing so, should lead to you meeting other investors that you can then learn from about flipping and rentals.EVERYTHING YOU NEED IS RIGHT IN FRONT OF YOU:)You just have to work for it!
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9 January 2025 | 6 replies
Are you self managing those properties?