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17 October 2024 | 5 replies
Just google Ohio Real Estate Convention and you should find it somewhere. 2) Some individuals are interested in passive real estate investing, but have little liquid cash, but significant savings in IRA and 401k accounts and are looking to diversify beyond just stocks, mutual funds, and other public market assets. 3) Always important to work with an attorney, title company, and or closing attorney as you work with a private lender.
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18 October 2024 | 7 replies
One individual needs to make the final decisions.Dispute Resolution: Define and agree on a method for resolving disputes that may arise, such as mediation or arbitration, to avoid litigation.Change in Marital Status: What happens to the ownership if a party gets married or divorced?
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16 October 2024 | 7 replies
You came to the right platform with many individuals like yourself!
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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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16 October 2024 | 0 replies
Conventional loan with a down payment from my individual income.
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14 October 2024 | 4 replies
Hello BiggerPockets,After reading numerous books from the BiggerPockets library and spending more time on Loopnet than I would like to admit, it is time for me to put some of this knowledge into action.
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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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15 October 2024 | 12 replies
You can also just elect to refinance all the loans individually but with the same lender.
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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.