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14 January 2025 | 7 replies
@Brice Alef-Torrisi To manage finances for multiple properties, maintain separate bank accounts for each property if held under different LLCs to avoid commingling, which could jeopardize liability protection and complicate tax deductions.If properties are under one LLC, using a single account is fine but requires detailed record-keeping for each property.
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19 February 2025 | 2 replies
Unfortunately, after years and multiple legal fees, I never recovered a single penny.
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12 February 2025 | 43 replies
We've had zero phone calls answered or returned, multiple promises or calls "tomorrow" to talk through issues unmetAt this point we've hired another PM (Sadly MidSouth Homebuyers, whom we have other properties with and have had nothing but excellent experience, wouldn't manage this location) who is now going through re-keying the property and assessing the state of the rehab.This was a test property for us, so we learned what we wanted to learn on this transaction.
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10 February 2025 | 0 replies
Wyoming allows for the creation of dynasty trusts, which can last for multiple generations, often up to 100 years or more, designed to preserve family wealth across several generations without being subject to estate taxes each time the assets pass to heirs.5.
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21 February 2025 | 2 replies
I just want the perspective of a more experienced agent so I know what's real and what's fluff, and don't get my pockets clipped.
31 January 2025 | 2 replies
They develop, they build, they finance, they property manage, they will have HAO, cleaning crew etc. etc. etc. so the subsidiary companies make money every step of the way.From investor perspective: The investor pay $15 K to reserve the right to purchase 25 multiplex over the year of next 5 years. 5 each year.
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7 February 2025 | 14 replies
I have a slightly different perspective than most.
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13 February 2025 | 10 replies
It is presumed that "Multifamily" housing will have multiple families inside.
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18 February 2025 | 6 replies
Based on your response, I probably need to hire someone just for the Open Houses who is available multiple days per month.