Jennifer Taylor
Legal Structure Questions
16 October 2024 | 6 replies
It seems the most likely issue is simply having your personal names as the deed holder listed in a complaint although again, based on what you shared about your sound operations your insurance should cover any claims that would arise since you wouldn’t be triggering any coverage exclusions.
Megan Paquet Nelson
Hurricane/Flood and loss of Business Income
14 October 2024 | 16 replies
This is because loss of rents/income is almost always triggered by a "covered" peril (aka covered cause of loss).
Lotus Eli
Need Advice for Helping a Struggling Mentee
14 October 2024 | 6 replies
By "positioned" I mean - ready to pull the trigger when the right deal comes along.
Jonathan Bock
I need that structure.... the fascination with entity
12 October 2024 | 7 replies
But I can still use an FHA loan and then transfer the property for $1 to obtain maximum protections of an LLC with maximum leverage.They are told this can trigger due on sale clause and will still will be paying transfer taxes based on the properties assessed value + deed prep, recording and misc. title expenses.
Bryan Liu
Need advice on financing rehab for investment property
16 October 2024 | 9 replies
Depending on which brokerage you use, you could possibly borrower against your securities holdings with a line of credit (similar to a margin loan) if it's not a retirement account. 30-35% of the balance would likely be within reach, but make sure you FULLY understand margin calls and when they would trigger.
David Cianci
Should I create an LLC before I buy my first property?
15 October 2024 | 40 replies
Particularly when it comes to residential properties, most lenders would rather lend to people than LLCs.Transfer of Property: Your mortgage's due-on-sale clause may be triggered if you subsequently decide to transfer a property that you now own in your name to an LLC.
Brandon Gale
How do you handle unreasonable reviews?
18 October 2024 | 29 replies
If they indicate they will leave a positive review, the survey will direct them to the proper OTA to leave that positive review.If they indicate they will leave less than a 5-star review, trigger an email to the host/assistant for immediate follow-up.
Art Webb
IRA to Roth IRA Conversion Strategy - Is this a sound strategy ?
11 October 2024 | 2 replies
However, it's important to note that using leverage in an IRA can trigger Unrelated Business Income Tax (UBIT), and there are strict IRS rules to follow to avoid prohibited transactions.
Jeff Ebert
tax hike worth appealing?
10 October 2024 | 7 replies
If it’s a new purchase and the sale triggered a reassessment then you can certainly appeal it if you think they overvalued it.
Julio Gonzalez
Ready to Exit Your Rentals? Consider a 721 Exchange
10 October 2024 | 2 replies
Section 721 of the Internal Revenue code allows an investor to exchange property held for investment or business purposes for shares in a Real Estate Investment Trust (REIT) or an Operating Partnership without triggering a taxable event.Many investors are aware of a 1031 Exchange where an investor must find a replacement property to defer capital gains taxes on the property that was sold.