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14 January 2025 | 7 replies
@Brice Alef-Torrisi putting each property in its own LLC is usually overkill.Getting a bank account for each LLC is typically something you need to do to avoid "piercing of the LLC corporate veil" (actually depends on tax selection you made for LLC), but is also overkill.You haven't indicated how you are holding the deed for the latest property.If in your name or same LLC, you don't need a separate bank account.If in separate LLC, you can create a Master LLC, have each property LLC hire the Master LLC to manage their affairs, and just get a bank account for Master LLC.This is an opinion, not advice, so lookup CPA Frank Alcini in Troy for expert advice.
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21 February 2025 | 250 replies
It didn't say 73% of red-necks, or any selective segment, just said 73% approval rating.
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17 January 2025 | 22 replies
I am primarily concerned with completing renovations in a timely and satisfactory condition, so I foresee the selection of GC looming large in my project's success.
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28 January 2025 | 19 replies
Have a list prepared around a nice area of houses that you have selected that will fit your criteria....maybe see the insides of one or two?
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15 January 2025 | 11 replies
I now am more selective about loan officers as well as lenders.
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9 January 2025 | 4 replies
My recommendation would be to get approved as a Landlord, contact the director's office and request that an inspection be completed before a tenant is selected (sometimes they will do this as long as you select a tenant within 14 days - which you want anyways), and have an online application and screening resource in place.
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17 February 2025 | 69 replies
Keep in mind this might be spread out over 2 up to 7 years depending on your site selection and the economy.6.
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13 January 2025 | 8 replies
This is a common misconception but we're an online platform where the owner chooses their own price and selects their own tenants.
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12 January 2025 | 7 replies
Hi Garry,To ensure your safety, it is highly recommended to visit areavibes.com and select the "See more crime data" option.
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13 January 2025 | 7 replies
Bigger Pockets is a great place to find a real estate tax accountant.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.