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Results (10,000+)
Sharon Porter How to purchase a property that the state take over?
18 December 2024 | 2 replies
@Sharon Porter,Investing in a state-controlled property like this can be an opportunity, but it's critical to understand the legal and logistical nuances.
Tony C. Filing a 1065 Partnership return Husband/Wife vs Schedule E
15 January 2025 | 41 replies
Here is what the IRS says on the subject: Election for Husband and Wife Unincorporated Businesses A business owned and operated by the spouses through a limited liability company does not qualify for the election Only businesses that are owned and operated by spouses as co-owners (and not in the name of a state law entity) qualify for the election.
Kyle Kulhanek Retitling a property to an LLC - Chicago
16 January 2025 | 5 replies
A knowledgeable attorney can advise here.Create a solid operating agreement: Since you own the condo with a friend, a clear operating agreement is essential to outline responsibilities, decision-making, and profit-sharing for the LLC.To save on costs:Look for real estate attorneys who specialize in investment properties and might offer package deals for the retitling, operating agreement, and filing the LLC.Shop around for title companies that can handle the transfer smoothly and provide competitive rates.Research DIY options for setting up the LLC if your situation is straightforward, though I’d still recommend a lawyer for the transfer process itself.Good luck with the process!
Hillary Buckingham Tips for a newly licensed agent with a goal of $50k in commissions my first year
17 January 2025 | 7 replies
You didn't mention where you are operating, but depending on average home prices, I think you'll be ok.For instance if we're talkin $500k homes, and if you will get a 2.5% commission, split that 50/50 with your Broker, you will end up with $6,250 per sale, right?
Matt Powers Where to start investing in real estate?
15 January 2025 | 33 replies
I’m biased, but I’ll chime in with @James Wachob and cast my vote for Memphis.Memphis offers incredible logistical advantages: the largest commercial airport in the world, all major US railroads converging here, and a thriving distribution hub.
Gabe Goudreau Acquiring Properties With Different Partnership Structures
13 January 2025 | 7 replies
I get into contract in my operating company and then assign the contract to the new LLC prior to closing.  
Gamal Harding Columbus Lands Another Large Tech Firm! 4000 Plus Jobs Coming
17 January 2025 | 5 replies
The new facility, dubbed "Arsenal 1," will encompass 5 million square feet and is expected to start manufacturing operations by July 2026.
Mike Terry Help Evaluating a small multifamily
18 January 2025 | 12 replies
So your 35% operating expenses makes sense and seem plenty conservative to me.  
Paul Stewart STR Life- Remitting and paying Taxes
16 January 2025 | 11 replies
If you are a STR operator how do you deal with remitting and paying tax?
Patricia Andriolo-Bull Stessa - 179 deductions
10 January 2025 | 12 replies
One workaround could be keeping a separate spreadsheet to track your adjusted tax basis accurately and only using Stessa for operational insights.You could also reach out to a cpa and see if they have a specific recommendation for software to use.