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20 January 2025 | 31 replies
That’s half the cost of Prime’s reduced rate.2nd, like everyone is saying, the cost of setting up and LLC is less than $100… closer to $50… if you just do it yourself through the state (not complicated).3rd, if you want someone to help you draft your operating agreement, hire a local real estate attorney and it will be significantly cheaper than $1660… probably cheaper than $550.4th, if you want someone to do your taxes and help you get your max deductions - talk to a CPA who specializes in real estate and they can review your operating agreement to see if you’re setting yourself up properly, and they can do your regular taxes… and be cheaper than Prime. 5th, a separate CPA can work with you regularly to review your investments and strategies to determine good tax strategies as you look to execute any deals. 6th - don’t lock yourself into a crazy subscription model before you start making money!!!
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29 January 2025 | 68 replies
We went through two managers in the first half of the year (who lived 20 or so minutes away).
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28 January 2025 | 48 replies
If it takes a year I am not sure if it's worth it.Thank you You can do the same types of deals without paying $10,000.00 or even half of that.
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15 January 2025 | 39 replies
Keep your equities levered at 20%(half high vol, 1/4 low vol, 1/4 basic indices) and keep your phys/hard assets levered at 40%.
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3 January 2025 | 3 replies
At about half of my properties I provide quarterly exterior pest control services.
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6 January 2025 | 7 replies
Their goal is to eliminated group homes, half way houses etc, even STR, so check out the local zoning as well.
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6 January 2025 | 4 replies
Also, to track spending habits - just had a prospect withdraw their application when we asked why they were spending half their income on gambling websites.
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22 January 2025 | 22 replies
Depending on the loan amount for the new property, roughly a little over half of the gain could be deferred through the exchange.Without a 1031, they’ll face taxes on the entire gain, including federal capital gains tax (likely 15% based on their income), California state tax, and depreciation recapture, potentially totaling $130-150K.
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10 January 2025 | 13 replies
I have 250 agents in my market and half of them have only sold 1-2 properties.TIP: look for a property manager first.
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22 January 2025 | 203 replies
CA has more than half of the nations homeless/unsheltered persons.