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23 January 2025 | 16 replies
As @Brett Synicky suggested, keep it simple, as a sole proprietorship.You are also not considering that you will have to pay $800 per year and per LLC to your greedy state.In short, get some professional advice instead of TikTok advice.
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23 January 2025 | 10 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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22 January 2025 | 2 replies
VA Loan Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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21 January 2025 | 5 replies
Just be mindful of the following things when it comes to California.California does not recognize Bonus DepreciationCalifornia does not recognize real estate professional status.Therefore, you can potentially reduce your Federal taxes but not your California taxes.
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24 January 2025 | 6 replies
As always, consult with your licensed tax professional for qualifying, tax implications and strategy.
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11 January 2025 | 4 replies
I’ve developed a Comprehensive Investor Report (CIR) for a property in Palm Coast, FL, designed to be transformed into a luxury rental asset while serving as the foundation for a scalable asset management strategy.Here’s a quick snapshot of the deal:Property: Red Birch Lane, Palm Coast, FLCurrent Value: $350,000+Mortgage Balance: $165,000Current Equity: $185,000Investment Required: $177,500 (for luxury upgrades and optimization)Projected Monthly Rent: $4,500 with 2% annual increasesTarget ROI: Full 1.5x ROI for investors achieved in 9 yearsLuxury Features: Smart home automation, designer finishes, professional-grade kitchen appliances, and more.I’ve also structured a capital distribution plan with a waterfall approach:8% Preferred Return for investors.Full Return of Capital to investors before profit splits.Post-ROI, a 20/80 split (Investor/Management) ensures long-term alignment.
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17 January 2025 | 4 replies
As a newcomer to this field, I am eager to learn and grow, while also contributing value to investors and professionals.
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18 January 2025 | 7 replies
This influx of high-paying jobs (averaging $60 per hour) is expected to draw a significant number of professionals to the area, boosting demand for housing and various services.
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22 January 2025 | 3 replies
Readers should seek professional advice.
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23 January 2025 | 4 replies
Petersburg area, resulting in highly–profitable investments.If you need professional and courteous property management experts for your multifamily, single family, condominiums or town home, you've found the right company!