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9 May 2024 | 3 replies
Look locally for established real estate agents that specialize in investment portfolios.
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9 May 2024 | 9 replies
If you have $10,000 in monthly rental gross income established and rolling and you're in a 5 unit property or more (this qualifies the property for commercial loan consideration).
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8 May 2024 | 14 replies
2 stay minimum is not required to place property in service.2 stay minimum is required to establish the average customer use of 7 days or less in order to qualify the property as an STR.
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8 May 2024 | 5 replies
I complemented it looking for more documents at the IRS site with Lance’s words and it was extremely helpful.Indeed, a multimember LLC can select how to be taxed sending a form to the IRS and, If taxed as a partnership or corporation, not be subject to FIRPTA because it is not a flow through entity (for this tax withholding purpose ) anymore.Anyway, I want to have a meeting with a real estate experienced CPA in the DFW area in order to clarify any details and establish an LLC with everything covered.
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14 May 2024 | 201 replies
In our area, if you aren't an established builder with a history of purchases, you will not be able to purchase either trusses or windows at any price.
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7 May 2024 | 5 replies
The easier way is to establish a relationship with a portfolio bank (commercial lending) no limit to the number of houses you can own.Better yet, do something like what I do: I don't use banks at allAverage Cash Flow Per Door In Phoenix Metro Areahttps://www.biggerpockets.com/forums/600/topics/58...
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7 May 2024 | 1 reply
I am seeking to establish a Land Trust for the purpose of acquiring a property while maintaining anonymity in a creative deal.
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8 May 2024 | 14 replies
It's pretty normal I feel, but if you screen the right tenants and establish a good profile on them, then it would probably pay to keep them happy and let them mount.
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7 May 2024 | 7 replies
I have a couple of PMs that I have established mentorships with, and I have access to a few groups via our PMS Hostfully that I can collaborate with, but I will take all the help I can get so if you can direct me towards STR mastermind groups I'll definitely take a look!
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10 May 2024 | 116 replies
Establishing an emergency fund, then contributing to a 401k, saving at least the minimum amount to get the company match, continuing to increase contributions until reaching the government maximum allowance.