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24 June 2024 | 8 replies
CPI measures general inflation for consumers for major individual expenses such as food, gas, shelter, and other basics.
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22 June 2024 | 1 reply
And I use a company that reports the collection to the credit agencies, so at least it hurts the individual.
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23 June 2024 | 11 replies
But that's the same whether you're in an LLC or an individual.
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22 June 2024 | 3 replies
Overwhelmingly Positive Testimonials and Reviews from StudentsThe "reviews" for a guru come exclusively or overwhelmingly from individuals who create accounts on BiggerPockets with seemingly no other purpose than to dispense undying love and/or personal loyalty to the guru, with lengthy commentary about the complete life turnaround that spending $5K - $100K had in a very brief period of time, rather than a rational assessment of the pros and cons of the program and their outcomes achieved so far.
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23 June 2024 | 7 replies
It took close to 15+ years, but states are finally catching on that the majority of loans are no longer held by banks and by non-bank lenders who are selling them off to private equity and other non-bank funds including individuals and they are starting to hear about the shady stuff going around.Regarding straight sub-to and banks calling loans etc., this I think is longer term implosions as I am seeing people who absolutely should not be buying a home as they have no money buy them sub-to because of little down payment and will eventually lose the property and that is when many whose mortgages are still on the property come out and sue.
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22 June 2024 | 11 replies
There is a local group of individuals that gets together regularly, though, WI REI or something like that?
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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.