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21 November 2024 | 39 replies
Some of the simpler asset protection solutions would include the following: having max funds allowed in qualified retirement plan or IRA rather than personal as retirement plans are exempt assets in Federal and most state bankruptcies; investing through an annuity if your state (Florida and Texas for example) exempts insurance policies and defines annuities as an insurance policy; taking advantage of maximum homestead exemption in your state; use of corporations or more popular LLC or Series LLC to limit liability to the entity holding the asset; reasonable liability insurance if available; separating asset ownership from asset management; etc.I can design a simple, cost effective asset protection strategy of up to about $5million with little cost IF the individual resides in Texas or Florida.
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11 November 2024 | 5 replies
Close to your primary residence?
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8 November 2024 | 2 replies
This will result in inspection results that more accurately indicate property conditions and promote better living conditions for residents.
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12 November 2024 | 7 replies
Also, since this is your residence the economics are slightly different.
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9 November 2024 | 2 replies
The land is unbuildable for residences and we build these storage workshops on the properties.
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14 November 2024 | 11 replies
Keep in mind - they are only for investment properties, not primary residences.
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12 November 2024 | 15 replies
The trifecta is making the owner and property manager happy, compensating for the extra risk, issues, and potential repairs, and encouraging the resident to limit the number of pets and be sure they are not damaging the property.
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5 December 2024 | 554 replies
@Terrell Garren@Joe Splitrocknew ATH, two futures ETF's are approved, in the US, Cool Valley, MO Mayor secured funding to give every resident $1,000 in BTC, Microstrategy is up over $3B in profits, Telsa is up over $1B.
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9 November 2024 | 6 replies
One note is that if the property was helping cover my costs of living while I house hacked it I wouldn’t worry about negative cash flow while I resided there.
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8 November 2024 | 19 replies
-what is the background behind your plan to 'drive for primary residence'?