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12 January 2025 | 2 replies
@Zach Howard you pretty much MUST hold it in an LLC if you don't have the proper visa or greencard.1) Many attorneys over-hype the benefits of an LLC for each property.
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23 January 2025 | 15 replies
Moral of the story is check with your lenders to ensure you can hold the property in your LLC.
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16 January 2025 | 2 replies
Once I've completed these initial projects and built up some capital, my long-term goal is to transition into buy-and-hold investments in potentially more affordable markets to maximize cash flow and scale up.Right now, I'm particularly interested in investing locally here in the Seattle metro area.
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14 January 2025 | 7 replies
@Brice Alef-Torrisi putting each property in its own LLC is usually overkill.Getting a bank account for each LLC is typically something you need to do to avoid "piercing of the LLC corporate veil" (actually depends on tax selection you made for LLC), but is also overkill.You haven't indicated how you are holding the deed for the latest property.If in your name or same LLC, you don't need a separate bank account.If in separate LLC, you can create a Master LLC, have each property LLC hire the Master LLC to manage their affairs, and just get a bank account for Master LLC.This is an opinion, not advice, so lookup CPA Frank Alcini in Troy for expert advice.
14 January 2025 | 7 replies
Account Closed It will only show on your credit report if the person who is holding the notes goes to a servicing company so it is recorded.
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6 February 2025 | 42 replies
Hi Matt,Memphis holds a lot of hidden opportunities.
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21 January 2025 | 19 replies
He holds meetups for family offices around the world and those are free to LPs (at least those in the US).
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6 January 2025 | 2 replies
Hello,
I have a property i purchased for $165k with an ARV of $350k. After putting about $50k into the property, I’m just about $25k from meeting my completion goal that includes stucco, drywall, and siding. What d...
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21 January 2025 | 6 replies
Known as an Improvement or Build-to-Suit Exchange, the process requires a Qualified Intermediary (QI) to hold the proceeds, and an Exchange Accommodation Titleholder (EAT) typically oversees the improvements.
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30 January 2025 | 56 replies
Our city holds a lot of gems if you know where to find them.