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Results (10,000+)
Shannon Garst Need advise on setting up an LLC
7 May 2024 | 13 replies
Let's break down the pros and cons of each approach:Forming an LLC in the State Where the Property is Located:Pros:Compliance with Local Laws: Establishing an LLC in the state where the property is situated ensures compliance with local regulations and laws specific to that jurisdiction.Legal Clarity: It provides clear legal jurisdiction and may simplify any legal proceedings related to the property in that state.Perception: Operating with a local LLC may give tenants and local authorities confidence in your commitment to the community.Cons:Additional Costs: Setting up and maintaining an LLC in another state means incurring additional registration fees, taxes, and possibly hiring local legal counsel.Administrative Burden: Managing multiple LLCs across different states adds complexity to your administrative workload, including extra paperwork and compliance requirements.Tax Implications: You may face tax obligations in both the state where the property is located and your home state, potentially leading to double taxation or complexities in tax filings.Managing Through Home State LLC:Pros:Simplified Management: Handling all properties under a single LLC streamlines administrative tasks, reducing paperwork and simplifying tax filings.Cost Savings: Avoiding the need to establish multiple LLCs in different states saves on registration fees, legal expenses, and ongoing maintenance costs.Consistency: Uniformity in management practices and legal structures may contribute to efficiency and ease of operation across your real estate portfolio.Cons:Legal Exposure: Operating out-of-state properties under a home state LLC may expose your personal assets to the laws and liabilities of the other state, potentially diminishing the liability protection the LLC offers.Compliance Challenges: You'll need to ensure your home state LLC meets the legal requirements for conducting business in other states, which could involve additional filings and fees.Perception and Credibility: Some tenants or local stakeholders may prefer dealing with a landlord who has a local presence, which could impact your reputation or relationships in the community.Ultimately, the decision depends on your specific circumstances, risk tolerance, and long-term goals.
David Ounanian What is the standard for raising rent?
8 May 2024 | 2 replies
Consulting with a legal professional or local housing authority can provide further guidance specific to your location and situation.
Karen Kushner STR Bonus Depreciation Rules
8 May 2024 | 14 replies
Perhaps I am missing the authority.
Austin Tam Calling All ABC Capital Investors: Updates on Investments
6 May 2024 | 23 replies
They breach contract, I'm desperate trying to find a lawyer to sue the company.Below are the issues I have had with them: 1- They sold one my houses in Philadelphia for USD 146K but only paid me 94.975 – I authorized them to sell the house for a minimum of 94.975 but not to pay me less that what they sold it for2- They sold another house in Baltimore for USD 104.780 but only paid me 89,448.203- Only the difference between what houses were sold and what I received is USD 66,356.804- They deducted USD 5K from my rents in January without giving me the opportunity to do a full inspection in the house as agreed in contract.
Scott Wolf Section 8 Florida
7 May 2024 | 3 replies
Do I need to register with the housing authority
Edo Y. Architect for residential building in the Cincinnati area
7 May 2024 | 3 replies
I think all would agree that the City of Cincinnati is utterly different in approach to other building authorities in the Metropolitan area.
Christian I Presant How do you keep track of payments with seller financing?
7 May 2024 | 34 replies
I know some people like to just get more and more houses. and we should probably save some of the excess to pay for repairs. 
Azzam C. Connecting with Property Managers and Contractors (Raytown/Independence MO)
6 May 2024 | 4 replies
I'm hoping to connect with Property Managers and Contractors for the following: - Experiences/Advice dealing with the Section 8 housing authority- Get an understanding of cosmetic rehab costs for the area (i.e.
Brandon Chen LLC virtual address needed?
6 May 2024 | 6 replies
However, I am guessing they are your registered agent for your LLC, in which case they are authorized to accept mail and serving documents on your behalf. 
Briana Howard 16 wanting to start and learn real estate
6 May 2024 | 3 replies
Ask your parents to add you as an authorized user on their credit card, then put it in a drawer.