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21 June 2024 | 2 replies
Entering an address for a multi unit, are the results that come back for total rent on both units, or per individual unit?
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21 June 2024 | 30 replies
You can obviously find individual deals just about anywhere, but these are observations of the places as a whole
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21 June 2024 | 11 replies
By default, a multimember LLC is taxed as a partnership.There is an opportunity to be taxed as a corporation(C or S) if proper elections are made.Just a reminder that an LLC is required to file a partnership by March 15 of every year.The partnership will generate a form K-1 that is required to be given to each member which is then used to complete their individual tax return.
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22 June 2024 | 8 replies
If all they can find is the property in the LLC, it may not be worth the additional hassle of trying to force a sale of the property to collect on their judgment.So, they’ll research who owns the LLC and what assets that individual has.
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20 June 2024 | 3 replies
The selling realtor is telling me to put seller as the name of an individual (the individual and his wife are listed in the CAD contact address as a "trustees" but only as contact address, not as owner-the corp is the owner).
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21 June 2024 | 6 replies
@Tyler, when individually appropriate, for investors who have a need for immediate cash, we've also refinanced the property modestly (20-30% LTV) to provide mom/dad with the cash to bridge the two-year gap.
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21 June 2024 | 14 replies
Generally you can weed out many individuals based on income, credit, employment history, previous residences, and overall behavior compared to other candidates.
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20 June 2024 | 2 replies
.- Flexible transactions make it easier to sell, transfer, or refinance individual properties.Considerations- State variations mean that not all states recognize Series LLCs.- Management complexity necessitates careful documentation and legal compliance.- Lender familiarity issues arise as some lenders may not understand Series LLCs, thereby complicating financing.A Series LLC offers a streamlined, protective, and flexible way to manage multiple real estate investments.Thanks,
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20 June 2024 | 1 reply
Instead of using the check scanner and scanning the physical checks individually.
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21 June 2024 | 11 replies
I currently have 5 mortgages but have not been great at keeping track of the details such as costs associated with each individual property.