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4 December 2024 | 4 replies
You can - 1) establish a trust for asset protection, 2) utilize the Homestead Exemption for property protection, 3) consider tenancy by the entirety for marital property (this might just be applicable to California, my home state)4) make sure you have adequate liability insurance for additional protection, 5) think about forming a business entity to shield assets, 6) and have proper estate planning for asset distribution.Seek tax and legal advice from experts in your state.
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3 December 2024 | 0 replies
This taught us an important lesson: it might be time to bring on a dedicated dispositions specialist to ensure we maximize our spreads on every deal.
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2 December 2024 | 5 replies
I more so meant if there are people you could hire to do a pre-inspection to ensure you pass on the first go!
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5 December 2024 | 24 replies
Where do I start; how do I find the right properties; what to look out for; what outlets do you use to ensure you don't pay too much for a property; what strategies should people in their mid-40's use to maximize the probability of success and profitability; etc., etc., etc...
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3 December 2024 | 4 replies
Don’t forget this can’t be done in Las Vegas proper.
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3 December 2024 | 10 replies
My Hard Money Lenders held the money in escrow and would not release the funds until the work was done, inspected, and they knew it was properly done.
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5 December 2024 | 11 replies
Always make sure to have written agreements in place to ensure consistency and avoid misunderstandings.Good luck!
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8 December 2024 | 19 replies
Also now clear that the lender is not doing their proper due diligence or even reading what we are giving them.
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3 December 2024 | 19 replies
The data is readily available, and I will provide the data source and its relevance.To ensure we're on the same page, the goal of real estate investing is financial freedom.
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5 December 2024 | 10 replies
For example, certain states like CA and MA have "claw-back" provisions, some states have withholding requirements, PA has some funky 1031 exchange laws, etc.Work with a rockstar QI (like @Dave Foster) and a real-estate-savvy tax professional to ensure you don't fall into any traps.