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1 September 2024 | 9 replies
Based on what I have heard/read thus far, it seems like I don't need a formal legal structure such as LLC for running this is as an active business (but I may set up an LLC for asset protection, which is allowed by my mortgage lender).
30 August 2024 | 30 replies
Additionally, this structure eliminates the need for active management, as the real estate assets within the DST are managed by the sponsoring entity.As an investor your level of activity would include collecting monthly distributions, receiving quarterly reports on investment, file taxes annually and 1031 exchange your investment every 7-10 years (sometimes shorter depending on the market).
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1 September 2024 | 2 replies
Sometimes a pestering police presence can be a deterrent.If the suspicious individuals are engaged in criminal activity, calling the police while it's happening helps too.
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1 September 2024 | 1 reply
I used to be active on here (BiggerPockets) around 2009, and wow, how it has grown!
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1 September 2024 | 8 replies
We’re actively participating in auctions, but unfortunately, we missed out on our last bid by one bid higher.
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2 September 2024 | 32 replies
Forums like these tend to open the flood gates for real estate agents to promote the cities where they sell.
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31 August 2024 | 3 replies
W-2 income, but it’s subject to passive activity loss limitations.
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30 August 2024 | 21 replies
Were they all new or you were still on the promotional rate?
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2 September 2024 | 34 replies
The fact is I am starting to meet more coaches than active wholesaler,flippers etc In my business I am an active buyer of properties and source wholesaler thru local meetups reia meetings etc In every meeting their is a dozen people like you who want to learn and even more coaches who want to teach.
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31 August 2024 | 2 replies
This new LLC needed a mailing address for normal mailing activities (I’ve always understood that the registered agent address is only for legal mailings vs ‘normal’ business mail).thanks!