Stuart Udis
Structuring your entities for anonymity is NOT asset protection
21 November 2024 | 39 replies
Some of the simpler asset protection solutions would include the following: having max funds allowed in qualified retirement plan or IRA rather than personal as retirement plans are exempt assets in Federal and most state bankruptcies; investing through an annuity if your state (Florida and Texas for example) exempts insurance policies and defines annuities as an insurance policy; taking advantage of maximum homestead exemption in your state; use of corporations or more popular LLC or Series LLC to limit liability to the entity holding the asset; reasonable liability insurance if available; separating asset ownership from asset management; etc.I can design a simple, cost effective asset protection strategy of up to about $5million with little cost IF the individual resides in Texas or Florida.
Tarcizio Goncalves
Stessa vs the competition
15 November 2024 | 5 replies
It is the most popular software in the industry, and most Tax Preparers are familiar with it, which makes tax season easier.My Recommendation: Spreadsheets are usually fine for your first 1-3 properties. 3+ properties, you should use a software.
Philip Jones
Refi LENDERS in BRRRR
18 November 2024 | 16 replies
Hey Phillip - DSCR's have become a popular route for the refi portion on BRRRRs.
Haley Brown
Intro- MTR in TX
14 November 2024 | 7 replies
It also has become a popular travel destination over the last 5 years or so, so there has been an increase in competition in the STR space as well.
Greg Hoffmann
Advice Regarding All in One Loan?
14 November 2024 | 5 replies
My goals would be to increase monthly cash flow and have more access to the property's equity for things like Cap Ex, etc....Here's a blurb from a lender's website:"By combining banking functionality with home financing into one dynamic instrument, borrowers are able to save tens of thousands of dollars and years off their loan""Designed after popular programs around the world, the All In One First Lien HELOC is the nation’s first transactional offset type-mortgage program.Home financing and banking combined:Deposits lower your loan’s principalFunds remain available for expensesInterest is calculated on the average daily balanceThis lowers the monthly interest paymentsTens of thousands of dollars can be saved over the life of the loanMortgage freedom can be achieved in half the time or less
Gisell Garcia
Ways to collect rent
14 November 2024 | 25 replies
Peer-to-Peer: Popular apps that allow anybody to pay each other.
Sara F.
AirBnB Setup from a Distance - Need Advice
14 November 2024 | 6 replies
If STR's are popular in the market you are in likely there is a designer who will pick out and set up your entire place.3 - Go yourself.
Mo Karim
Midterm Rentals in Dallas-Fort Worth
14 November 2024 | 19 replies
Quote from @Mo Karim: With every increasing regulations on short term rentals, midterm rentals is becoming more popular with investors.
Marc Shin
bathroom tiling vs LVP
12 November 2024 | 6 replies
Tile isn’t as popular in Northern New England.
Shannon F.
ALE Solutions Preferred Landlord Program
12 November 2024 | 1 reply
But since MTR became popular especially in Vegas we just went to our broker who placed the tenant for a lease fee and its worked great.. its a nice way to go this MTR..