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14 October 2024 | 12 replies
This structure lets you leverage rental income to qualify, without needing traditional income verification, making it an excellent option for building/scaling your portfolio.
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15 October 2024 | 6 replies
An architect or structural engineer needs to provide you with load-bearing plans for permit with the city or confirm the wall is NOT load-bearing. ($1300 for plans if only a wall--I pay $3500 for a site visit by them and close to full gut of kitchen/baths/door moves/wall removals) Do not skip the permit!!!!
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14 October 2024 | 22 replies
My instinct tells me yes if I can find quality properties at my price point, but that there could be some benefit to putting it all on one potentially more reliable/higher quality structure.
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15 October 2024 | 40 replies
These are more complex legal structures that can provide even more protection than a traditional LLC alone.
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15 October 2024 | 12 replies
Still learning to use this platform:) To answer your question, I would like to stay clear of the metro and national fly to markets due to their volatile ST regulation structure.
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15 October 2024 | 9 replies
We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.Something else to keep in mind is your entity structure and how your entities file tax returns.
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9 October 2024 | 1 reply
Let's break it down into two pieces, the LLC and the partnershipThe LLCYour current operating agreement should lay out ownership structures and contribution.
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13 October 2024 | 5 replies
Any tips on structuring deals or ensuring a smooth process would be greatly appreciated?
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14 October 2024 | 4 replies
Sounds like there might be some more facts of the entity structures since you imply a k-1 will be involved but only reference ownership of property A.
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16 October 2024 | 25 replies
Does the lending support borrowing under a company or trust structure for tax benefits?