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25 October 2024 | 4 replies
Consider if it will truly benefit your tax position, liability protection, or asset management, or if it will just add unnecessary paperwork.If you’re in a state like California, keep in mind that you’ll have to pay $800 annually to the Franchise Tax Board, file a periodic Statement of Information (SOI), and submit a Beneficial Ownership Information (BOI) report.It’s a good idea to consult a real estate attorney to ensure you’re making the best decision for your specific needs.
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24 October 2024 | 5 replies
Common expenses include:- Attorney Fees: Legal assistance for reviewing contracts and ensuring compliance can vary based on the complexity of your deal.- Title Insurance: Protects against potential disputes over property ownership.- Appraisal Fees: Necessary to determine the property’s market value.- Closing Costs: This can include various fees related to finalizing the loan, such as recording fees and settlement costs.Inspection Fees: If required, this ensures the property is in good condition before purchase.It’s a good idea to discuss these potential costs with your lender upfront to get a clearer picture of what to expect.
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23 October 2024 | 7 replies
Just looking to get some tips / efficient ways to speed up the process while also getting a solid tenant in the space.
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24 October 2024 | 2 replies
Offering a commission can help ensure that agents are motivated to show their properties and market them effectively.However, there are also flippers who have found success by not paying buyer's agent commissions.
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29 October 2024 | 33 replies
I've really had to manage my property manager as an example and ensure that I am really getting the return forecasted for my investments.Peace of mind is the goal at the end of the day.
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26 October 2024 | 50 replies
Your PM's process to find tenants may be geared toward time efficiency for them.
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25 October 2024 | 4 replies
I am looking for the agreement that states the terms of payment and details of communications to ensure I am getting paid and the person told me that is based on verbal communications of trust between the two.
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24 October 2024 | 7 replies
I want to ensure I include him on my list of contractors to monitor.
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24 October 2024 | 6 replies
The reason I posted this question is to see if any specific areas could be improved by technology that can help you be better at your business. we don't live in an ideal world, and sometimes the existing tools, may be useful as we are used to using it, but they arent very optimal.The best way to look at it is to see if there are some problem areas that you think if addressed via technology will help you be more efficient and reduce your investment risks.
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24 October 2024 | 7 replies
Anywhere else I'd recommend a regular fence that'll be low cost and efficient