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13 January 2025 | 21 replies
I would also be careful talking to property managers - they may have no problem telling about "other" buildings, but change of ownership in their own building is a threat to their livelihood.
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13 January 2025 | 11 replies
We have had full occupancy for only 3 out of 20 months of ownership.
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21 January 2025 | 20 replies
The profit of the original house would drop by $420 to $1880, but a new property would come under his ownership making $2300 - $1600 = $700.
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12 January 2025 | 6 replies
Sometimes, properties owned by non-profits have deed restrictions, zoning conditions, or agreements tied to their use.Tax Considerations: Non-profits often hold tax-exempt status, so you’ll need to ensure that taxes are assessed correctly once ownership transfers to you.Potential Public or Internal Scrutiny: If the transaction appears to undervalue the property or is perceived as exploiting a non-profit’s resources, it could lead to reputational risks for you or the organization.
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6 January 2025 | 14 replies
This park changed ownership about 1 - 2 years ago.
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1 January 2025 | 4 replies
Converting the partnership into a Tenancy in Common (TIC) could work, but keep in mind this requires dissolving the partnership structure and redistributing ownership, which may have tax implications depending on how it’s handled.
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20 January 2025 | 37 replies
Yes land flipping or use.In Texas you take ownership of land in 6 months versus houses 2 or 3 years.
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26 January 2025 | 33 replies
But there are people that always point the finger at others and those that take ownership of their failures.
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31 December 2024 | 1 reply
The Corporate Transparency Act (CTA), which requires businesses to report Beneficial Ownership Information (BOI) to combat financial crimes, is now facing uncertainty due to a recent federal court ruling:What Happened?
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3 January 2025 | 3 replies
Ownership and profit-sharing can be split based on contributions, with you possibly earning equity through sweat equity.