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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.
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25 June 2024 | 10 replies
Final FY 2024 & Final FY 2023 FMRs By Unit BedroomsYearEfficiencyOne-BedroomTwo-BedroomThree-BedroomFour-BedroomFY 2024 FMR$985$1,098$1,258$1,645$1,931FY 2023 FMR$885$1,002$1,164$1,530$1,777
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26 June 2024 | 5 replies
I have about $300 on my credit cards (just finally paid them off for the most part, and have about $20,000 limit).My cash on hand is relatively light, but what my plan was was to find some single family homes in the north Detroit area (currently anywhere from $40-$60k and put about $15-20k tops into any repairs or fixes (not looking for total rehabs, mostly something I can do some small repairs here and there and paint, personally I am knowledgeable about renovating up until complex electric and plumbing).
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25 June 2024 | 9 replies
Heard really good things about CPM, I self manage, but when I do finally give it up that's where I'm planning to go.
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25 June 2024 | 2 replies
Hello Bigger Pockets, I am very excited to finally write this.
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28 June 2024 | 21 replies
Don't worry about rehabbing just save money for when your husband finally understands how much real estate investing means to you.
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27 June 2024 | 28 replies
I've been looking at land investing for a while and am finally saving up money to get started.
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25 June 2024 | 6 replies
When I finally kicked her out, she left about $25,000 in damages in today's dollars.
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25 June 2024 | 31 replies
We would not have been able to relax (retire sounds so final) early without our housing and utility costs being completely covered as they are.
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25 June 2024 | 11 replies
Once when the replacement property is purchased and held by the 1031 Intermediary in an entity for you and once at the end when its finally transferred to you.