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27 December 2024 | 6 replies
If you own a business even if it's a pass through LLC for your real estate you have to file a BOI Report by the end of this year.BOI stands for Benefit ownership information.
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10 February 2025 | 20 replies
By far your best bet are cheaper markets.
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1 February 2025 | 1 reply
The building's Property Manager is sympathetic to the owners at large, but says they can’t do anything until instructed by the Board, and they indicated the building’s lawyers would only respond to Board members.
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6 February 2025 | 10 replies
The ADU is a good idea for property maximization, but unless it has a separate driveway, it will push your rent in the main house down some because then you aren't renting a single-family house on a lot by itself.
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9 February 2025 | 3 replies
BTW: most owners that have hired a PMC, don't want to speak with you, much less meet with you in person to hear a hyped-up sales pitch.Also, you want to do rental arbitrage - so, you will need to be properly licensed to manage properties you do not own as required by your state & local laws.- why would an owner want to do business with someone NOT properly licensed?
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7 February 2025 | 49 replies
By time your credit is straight you should be a master at underwriting and have identified a few properties ypu think are suitable.
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8 February 2025 | 6 replies
Many have pulled out of insuring multifamily properties or only cover up to 4-unit buildings.While Allstate doesn’t have a unit cap, they do cap total coverage at $750K on a landlord policy—which is why I’m exploring options for supplemental coverage.The carrier raised my rate by ~86% on all three properties under this policy.
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8 February 2025 | 13 replies
NOTE: an aggressive attorney can still track you down.LEGAL PROTECTION: By placing your assets in an LLC, you legally separate them from your personal assets.
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8 February 2025 | 3 replies
Private money brokers can add value by thoroughly vetting lending opportunities and prioritizing client success over commissions.Stay Vigilant:Protect yourself and your clients by remaining vigilant and conducting comprehensive due diligence in all lending activities.
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8 February 2025 | 8 replies
@Matthew McleanBigger Pockets is a great place to find an accountant specializing in real estate taxation.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your accountant remotely to expand your options.I would also recommend looking for an accountant willing to work with you throughout the year.