
18 November 2024 | 9 replies
An Irrevocable Trust, provides asset protection (you would already have this with the LLC), but it cannot be generally altered or terminated in the same way that a Revocable Trust can be altered or terminated.

17 November 2024 | 9 replies
I have heard that land/house flippers some time look for cash investors as these are generally all-cash deals.

18 November 2024 | 24 replies
I generally avoid wholesalers because my experience has been that they are unwilling to use a standard purchase agreement that is fair to both the buyer and seller and they do 'shady' stuff.

17 November 2024 | 30 replies
This is because losses in a Partnership LLC are generally considered passive or non-passive depending on your involvement, and the structure of the LLC can provide more flexibility in how losses are handled."

15 November 2024 | 3 replies
I currently only have 1 duplex, however I want to set this up right so it will work for any size portfolio.Currently I haveHome folder>multi family/single family/legal documentsInside the multi family I have Name of property-> general property maintenance/first floor/second floor Inside of first floor (the one currently rented)I have, pictures (before and will have after) / lease documents / a spreadsheet with each month, what day rent was paid, if it was late, if late was fee paid?

17 November 2024 | 9 replies
It depends on the rent amount and the difficulty of renting in your area, but I'd generally suggest something more like 50%-75%.

9 November 2024 | 1 reply
I have had several Colorado LLCs (single member LLCS with one single family residential rental per LLC, so very small-time) for a decade, and always file my periodic report so am in good standing with the Colorado Secretary of State, but have only just heard that I need to file a BOI report before the end of the year.

19 November 2024 | 19 replies
I have a problem with financial advisors as a general rule, because most are sales people trying to earn a commission.

19 November 2024 | 3 replies
If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general.

17 November 2024 | 7 replies
While residential development is generally restricted in these areas, there are specific circumstances under which it may be permitted:Special Mixed-Use Districts (MX): In certain M1-2 zones, residential use is allowed when paired with a residential district under the MX designation.