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5 December 2024 | 1 reply
I have placed 50% ownership of that one unit in a Special Needs Trust for him and the other 50% ownership in my trust.
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9 December 2024 | 5 replies
Remember they are going to be in a second position so they should be getting a good rate.
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6 December 2024 | 1 reply
Hey Madison, moving from Minnesota to Casper in a few years, huh?
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7 December 2024 | 33 replies
If you're trying to replace your work income I would recommend starting in a strong cash flow market like Cleveland, but if you're ok working for a while then you can buy and watch your property appreciate in Columbus.
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7 December 2024 | 6 replies
If entities are disregarded, you can keep up with more than 1 in a single QBO account using the location/business feature to keep track of them separately.
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7 December 2024 | 2 replies
Being flexible in a way that still protects your investment can help build a better relationship.However, if they’re not responsive or don’t show good faith, you might need to take a more formal step, like issuing a notice to pay or quit.
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6 December 2024 | 6 replies
Anything over that could mean that the property is overstaffed, or it could mean that management is delivering a very high level of service such as in a luxury property that has a doorman and all sorts of staff that you don't typically see in garden style apartments.
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6 December 2024 | 0 replies
This is a recent decision where a title insurer denied coverage to an insured owner who had been named in a suit to rescind the deed into the insured.
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5 December 2024 | 6 replies
Putting a property into an LLC before placing it in a trust is generally recommended because an LLC provides a stronger layer of asset protection against creditors and lawsuits compared to a trust alone, effectively isolating the property from personal liabilities while still allowing for estate planning benefits through the trust structure; essentially, the LLC acts as a shield to protect the asset within the trust from external claims.Consider getting professional advice on how to structure your assets to shield and protect the asset(s).
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7 December 2024 | 18 replies
.: @Mike HernThanks Mike, I played that card 2 years in a row and this time I can't find another good reason.