
2 July 2024 | 108 replies
I made a decent more than the figures you just quoted in one market so I don't think 80-90k is a ceiling, but I think scaling nationally, or even in 10+ markets would be extremely difficult and quite honestly, it hasn't been done yet (from my knowledge).

26 June 2024 | 19 replies
I would be cautious about using "national averages" as a way to try to qualify or disqualify someone.

26 June 2024 | 3 replies
Here are some steps and considerations for ensuring your LLCs are compliant from a legal perspective:For Your SDIRA LLCs in Florida:LLC Registration: You have filed the foreign LLCs with the State of Florida, which is essential.FINCEN Registration: Registering with FINCEN (Financial Crimes Enforcement Network) was a necessary step for compliance with the Corporate Transparency Act.Ongoing Compliance:Annual Reports: Ensure you file annual reports for your LLCs with the Florida Department of State.State Taxes: Check if there are any state-specific taxes or fees you need to pay for the LLCs.For Your Non-Retirement LLC in Nevada Buying Property in Michigan:LLC Registration:Foreign LLC Filing: Once the purchase is finalized, file your LLC as a foreign entity in Michigan.FINCEN Registration:Corporate Transparency Act: As of 2021, the Corporate Transparency Act requires LLCs and other entities to register with FINCEN.
28 June 2024 | 10 replies
This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Any lawsuits should be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced, some debate as to SMLLC).

28 June 2024 | 29 replies
Foreign nationals lose a good chuck of their payout.

28 June 2024 | 5 replies
So, we obtaina full credit report and review collections, chargeoffs, age of credit accounts, active accounts, etc.to build an overall credit evaluation.FICO ScorePct of PopulationDefault Probability800 or more13.00%1.00%750-79927.00%1.00%700-74918.00%4.40%650-69915.00%8.90%600-64912.00%15.80%550-5998.00%22.50%500-5495.00%28.40%Less than 4992.00%41.00%Source: Fair Isaac CompanyPublic RecordsWe also obtain data from national databases about evictions, convictions and sex-offender histories.

28 June 2024 | 12 replies
That's why a lot of people on the west coast invest in states like Idaho- slightly better returns, but it's probably the most landlord friendly state in the nation.

26 June 2024 | 0 replies
Despite the national single family home market reaching record values the 7 markets in the article are still valued below their 2022 peaks.

26 June 2024 | 18 replies
So I used the company he suggested in his videos: Prime Corporate Services; I paid them and they set me up with 2 separate LLC’s; one in WY for anonymity and one in PA where I reside, but besides that I know nothing of what I’m dealing with and from what I’ve seen on these threads is that I screwed myself and just made my life more difficult.

26 June 2024 | 3 replies
A new article came out showing Philadelphia investor saw the largest capital gains on their flip of 136% and Montgomery County seeing 78% gains (ranking 12th in the nation).