
15 May 2024 | 5 replies
You then file the annual report each year and continue to fork over another $500 annually.Next "cheapest" will be legal zoom or a similar service, I believe they'll help roll the registration with the state into the start up package.I use "cheapest" in quotes - the primary purpose of an LLC is typically to provide some level of asset protection.

15 May 2024 | 7 replies
So 30k in interest payments on a primary would only net most people an $800 tax deduction since they would have already got the standard deduction by default, where as 30k in rental interest would translate into 30k in deductions.This means that for an awful lot of people, they effectively don't get to deduct the interest on their primary.Keeping the loan on your rentals, while getting rid of the loan on your primary also helps from an asset protection side of things.

15 May 2024 | 21 replies
Putting 40% down and taking on less leverage improves your cash flow and protects you with equity.

15 May 2024 | 8 replies
Either way, I could be wrong but I don't think marital status is a protected class, maybe is in your state or local laws, and I think familial status protection is if denial is based on not accepting someone with a child or expecting a baby.

16 May 2024 | 14 replies
I like land locked areas and urban markets as do most firms. look at where banks buy buildings. mostly 20 story buildings in downtown markets for a reason. asset protection and preservation so we try to do it as close as possible. there are lenders in columbus that do 100% hard money financing for renovation loans that based on experience make concessions to experience operators. we are vertically integrated though for design, build, entitlement, leasing, and brokerage so there isn't much missing. licensed general contractor.

15 May 2024 | 1 reply
They will not protect you.Thanks for your story.

16 May 2024 | 9 replies
A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

15 May 2024 | 2 replies
Getting the official legal advice in writing from an attorney rather than a CPA, since they are officers of the law, can give you greater protection than just advice from a CPA.

15 May 2024 | 1 reply
My mom has established new lease terms with a 5 year lease agreement with the Company in an effort to protect herself against the possible liability that would come from having to remove the blades, and required a huge insurance policy to protect her against this too.

15 May 2024 | 6 replies
You get some negligibly protections in an LLC too, and possibly tax.