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21 November 2024 | 25 replies
I didn't try too hard, but again, if somebody has had their hand in hundreds of houses you'd think they WANT a real and recorded public presence.
22 November 2024 | 2 replies
For instance my 90 lot subdivision at one point I had 90 legal descriptions and parcels on one master deed.. as I sold them off we just deeded them out separately.. its super common especially in older platted cities were lots might have been small like 25 X 100 and someone bought 3 of them and then built one home on all three.. some places they force merge them others you can go back and recreate the Old lots of record.. there is millions upon millions made by those that know how to find shadow plats and bring to life underlying parcels.
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24 November 2024 | 19 replies
There was some earlier advice to self-manage when under 10 units, and financially that makes sense if you want to run lean and do it yourself.
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19 November 2024 | 12 replies
Hi @Jessica Howell,Transferring funds between LLCs and personal accounts requires careful tracking to maintain legal and financial integrity.
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23 November 2024 | 9 replies
It took 90 days or so to get confirmation your deed and mortgage had been recorded so you had this huge period of time that the bad actors could step in and pull some really crummy stuff..
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24 November 2024 | 9 replies
Assuming you have done those, understand the area and the demographic and hopefully have some idea of the financials for the property, then you need to underwrite the deal.
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25 November 2024 | 7 replies
If you have two or more members of the LLC you'll file a business return and then have those financial flow over to your personal return via K-1.
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23 November 2024 | 6 replies
You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.
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21 November 2024 | 39 replies
Of course I keep entities separate in all legal and financial aspects.
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22 November 2024 | 12 replies
House hacking is undoubtedly an excellent way to embark on your real estate investing journey.It can significantly accelerate your path to financial independence.