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5 November 2024 | 28 replies
I know its expensive but you will be well protected :)Or you save a lot of money and be better protected by doing this consistently and well:-carry appropriate types and amounts of insurance-sign contracts with indemnification provisions- obtain all necessary licenses and permits to operate your business-ensure all vendors/contractors are licensed and insured and list you as additional insured-sign well drafted and fair leases and be a responsive landlord -be an active owner or hire an active PM who avoids or at worse timely eliminates premises liability exposure The strategies you often read about are sold by alarmist asset protection companies who fail to disclose how impractical they are.
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1 November 2024 | 22 replies
IRS pub 425 says, "Passive activities include trade or business activities in which you don't materially participate.
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7 November 2024 | 15 replies
The alternative I see as a work around but full disclosure I am not a lawyer is giving tenants notice to vacate and then listing the property with no active tenants or have tenants sign off that they are not interested in buying the building and list right away. 99% of tenants are not capable of being buyers so who knows how often this ordinance will actually be used.
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6 November 2024 | 22 replies
It's a very active state for us.
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1 November 2024 | 48 replies
You can use any reasonable method to prove your participation in an activity for the year.
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5 November 2024 | 6 replies
As Election Day nears, many individuals halt their major financial activities because they feel the uncertainty of the election results may have adverse effects if they act now.
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2 November 2024 | 10 replies
I'm planning to actively pursue my first investment property in January and am interested in a BRRRR strategy.
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7 November 2024 | 22 replies
I used to just download my activity into an Excel spreadsheet.
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2 November 2024 | 11 replies
They even requested exclusive from listing from over a year ago that was no longer active.
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6 November 2024 | 22 replies
We have a huge influx of people buying in NH at the moment, obviously mostly short-term COVID-related, however I do feel this will be pretty sustained, now that so many people are questioning city life and have realized it IS possible to work from home, so why not do so in an incredibly beautiful place with hardly any crime and tons of outdoor activities?