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27 January 2025 | 6 replies
Liability Protection: Transferring to an LLC provides asset protection but may not always be worth the hassle or cost.Next Steps: Review your loan agreements, consult your lender, and get advice from a real estate attorney and tax pro to ensure everything’s compliant and beneficial.
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22 January 2025 | 3 replies
Unless you use a local professional familiar with the market, who you trust, best way to know a good deal is to study the market.
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26 January 2025 | 3 replies
We're based in Tampa and, in addition to personally investing, I own a mortgage company that provides financing for tons of investors.
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30 January 2025 | 2 replies
Happy to provide more info or photos.
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24 January 2025 | 3 replies
Ive asked them to provide Renter's Insurance.
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31 January 2025 | 3 replies
The HOA (through the management manager) said OK, please provide a letter stating the door is the only way to make the unit ADA compliant, and I think it will be okay.A week later the developer presents a letter from an architect stating the door is the only way to make the unit compliant.
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31 January 2025 | 22 replies
I will provide more information later.The two main setups are:1- Holding company in Wyoming if I want Charging Order Protections advantages, then a Series LLC in Kansas holding my Kansas RE and another Series LLC in Missouri holding my RE in Missouri.2- Holding company in Wyoming if I want Charging Order Protections advantages, then form as many LLCs as I want inside of it, one per rental or one LLC per 2 o 3 rentals.Fees are pretty reasonable and the same as they disclosed before the appointment, on their website or youtube videos.
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14 January 2025 | 4 replies
Scope of WorkThe Subcontractor agrees to perform the following work (“Scope of Work”):Detailed description of tasks and responsibilities.Exclusions: [List any exclusions here].Materials to be provided by: [Contractor/Subcontractor].Reference drawings or plans: [Attach if applicable].2.
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24 January 2025 | 8 replies
Readers should seek professional advice.
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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.