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24 September 2024 | 17 replies
I currently use Avail for my two properties and its been pretty seamless for me.
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26 September 2024 | 1 reply
I'm not an educator whatsoever but I can give you an overview of my wholesaling and flipping operation here in Central Florida.
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25 September 2024 | 6 replies
When someone pays me for an LLC, they are mainly paying for creating the operating agreement that governs the operations of the LLC.
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26 September 2024 | 1 reply
You are more than welcome to come, here's the link to sign up for reminders https://forms.gle/VhCj1bEbNndPcPYV7 Feel free to reach out with any questions, we run a flipping and wholesale operation here in Central Florida.
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27 September 2024 | 8 replies
Typically, the request is at least for the organizational documents, operating agreement and the IRS EIN number.
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26 September 2024 | 17 replies
Not only for the reasons you mention (easily manipulated, depending on format), but also have next to nothing to do with what your operations will look like.While I do agree that you should try to verify income, both through lease review, P&L, and if they will share: bank statements and tax filings, at the end of the day, I don't put a ton of value in seller financials, for many reasons.
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25 September 2024 | 9 replies
Travel expenses to look at potential investment properties are generally not tax-deductible unless you operate a real estate portfolio like a business. 2.
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25 September 2024 | 7 replies
.- trusts - deeding each property to a separate land trust each and then the land trusts in turn grant beneficiary to an operating LLC.
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27 September 2024 | 9 replies
It really depends on you and how involved you're willing to be, especially if any of your current at-large operators don't work out.
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25 September 2024 | 10 replies
After operating the STR for the first year can we turn the STR into our primary residence for 2 years then sell and avoid capital gains tax and depreciation recapture instead of doing a 1031 exchange?