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30 June 2024 | 8 replies
My personal strategy is to form a new LLC for 10 properties or $1 million in assets or different ownership structure.
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27 June 2024 | 4 replies
Is it a violation of forum rules to discuss the possibility of partnering up with like-minded property owners to form a privately owned property management company?
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26 June 2024 | 4 replies
I saw your post and links and I also found articles about other states but not for MA.
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25 June 2024 | 3 replies
Hi all, I am looking to form a LLC to invest my real estate properties under.
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25 June 2024 | 1 reply
For landlords, lease options can attract tenants who are committed to the property and may take better care of it.Commercial Property Considerations: When considering a lease option for a commercial property in Texas, ensure that:The terms of both the lease and the option agreement are clearly defined and legally binding.Both parties understand their rights and obligations, including maintenance responsibilities, payment terms, and conditions for exercising the option.Consult with a real estate attorney to draft or review the lease option agreement to protect your interests.Here are some things that may help you form a pros and cons list going forward:Advantages:Potential for higher rental income due to the option premium paid by the tenant.Attracts long-term tenants who may eventually purchase the property.Allows flexibility for both parties in uncertain market conditions.Considerations:Ensure the option fee and terms are fair and reflect the property's market value.Understand the financial implications and tax considerations associated with lease options.Be clear about the tenant's ability to exercise the option, including financing requirements if they decide to purchase.Lease options can be a viable strategy for commercial properties in Texas, offering flexibility and potential benefits for both landlords and tenants.
26 June 2024 | 34 replies
Again, best practice would be to form a separate LLC for rental from flipping business.
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25 June 2024 | 6 replies
Use this information to form a pros and cons list, and see if it makes sense for your lifestyle.
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27 June 2024 | 26 replies
If she is wanting to form a new LLC to own the new property then that LLC can only have her as the member and it must elect to not file it's own tax return.
24 June 2024 | 11 replies
Balance of current loan with private lender is about $470k.pro forma (and actual cash flow) runs about $1200 net each month.Property is owned by an LLC of which we are the two members.Last week I got a quote from a company for a DSCR loan for 9.25%.
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26 June 2024 | 11 replies
Of course, if you then generate additional taxable income, that is something you can work to mitigate with your CPA.You could choose to form a self-directed IRA and invest the money directly into real estate.