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30 October 2024 | 4 replies
But Arizona provides fewer tenant protections, even as rents have soared.
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25 October 2024 | 1 reply
This will protect both you and your potential partner.
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24 October 2024 | 1 reply
Certainly consuming information via different sources (books/podcasts/etc.) is important but also taking action on those things you learn.
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25 October 2024 | 8 replies
It's time-consuming but comes with a ton of opportunity if you have the time to spare which is why I'm suggesting it.Once you figure out how to acquire, you can decide if you want to wholesale, flip, hold, etc.
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24 October 2024 | 19 replies
Just don't buy into the lie that it's necessary, that it's a 100% guarantee of protection, or that it needs to be complicated.Here's some generic advice.An LLC is useful for two things: anonymity and legal protection.
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23 October 2024 | 13 replies
You are already in the right place in the BP forums, but try to consume as much podcast and reading material as you can.
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25 October 2024 | 4 replies
I definitely would want the mail to go to the correct place.If someone wanted to sue you, the fact that you ignored changing your address would be a good argument that you are not maintaining corporate formalities, potentially having the protections of your LLC ignored.Most states have annual filing requirements for the LLCs so that would be a good time to update it.
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24 October 2024 | 29 replies
Secondly if you really want the name of the owner, it will be time consuming, but it doesn't have to be your time.
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25 October 2024 | 4 replies
Consider if it will truly benefit your tax position, liability protection, or asset management, or if it will just add unnecessary paperwork.If you’re in a state like California, keep in mind that you’ll have to pay $800 annually to the Franchise Tax Board, file a periodic Statement of Information (SOI), and submit a Beneficial Ownership Information (BOI) report.It’s a good idea to consult a real estate attorney to ensure you’re making the best decision for your specific needs.
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23 October 2024 | 2 replies
The paperwork, the tenant communication, the financial tracking – it was all so time-consuming and stressful.