Dan N.
Can a Wyoming LLC own an investment property in ANY state?
9 January 2025 | 18 replies
Supplement this far simpler entity approach by ensuring you have appropriate types and levels of insurance, you operate your business in a manner in which your conduct is not considered an exclusion in your policy, you work with licensed and insured vendors, you execute contracts with indemnification clauses with these same vendors/ require additional insured status & maintain appropriate licensing and permits.
Linda M.
Security deposit increase for NYC lease renewal
17 January 2025 | 3 replies
Also, ensure you're compliant with New York's security deposit laws, which cap deposits at one month's rent.
Jason Khoury
Purchasing Vacant Home from Non-Profit
12 January 2025 | 6 replies
Sometimes, properties owned by non-profits have deed restrictions, zoning conditions, or agreements tied to their use.Tax Considerations: Non-profits often hold tax-exempt status, so you’ll need to ensure that taxes are assessed correctly once ownership transfers to you.Potential Public or Internal Scrutiny: If the transaction appears to undervalue the property or is perceived as exploiting a non-profit’s resources, it could lead to reputational risks for you or the organization.
Anne Christensen
DO I need a wyoming trust?
6 February 2025 | 19 replies
The risk of "piercing the veil" applies more to LLCs when personal and business finances are not properly separated, not necessarily to individual landlords renting a portion of their home.A more practical approach is ensuring you have a solid lease agreement, sufficient liability insurance (including an umbrella policy), and properly reporting rental income and deductions on your tax return (Schedule E).
Ming Huang
OKC long term investments experience and recommendations
6 February 2025 | 9 replies
The proximity to Tinker Air Force Base in 73135 is a significant advantage, as it ensures consistent demand for rentals from military personnel and civilian contractors.
Melissa Stanley
Starting with a Friend (LLC?)
28 January 2025 | 6 replies
Consider defining clear roles, ownership percentages, and responsibilities upfront, and ensure you’re protected if the partnership doesn’t work out.Since you already own properties, it might be worth consulting a CPA who specializes in real estate for advice on tax strategies specific to your situation.
Tyler Garza
Shoot Down My Beginner Strategy
7 February 2025 | 54 replies
From my experience working with over 400 investors, avoid transferring your home into an LLC (it can trigger loan issues), be mindful of capital gains taxes when selling, and ensure your debt-to-income ratio allows for your next purchase.
Darien Hernandez
Private Lenders: What Returns Do You Expect on 1st Lien Owner-Financed Deals?
16 January 2025 | 5 replies
I have deals needing funding and want to ensure I'm structuring them in a way that's competitive and appealing to private lenders.
Alex Silang
Mass deportations: will it affect rental markets?
30 January 2025 | 62 replies
Our federal government, operationally does not function very effectively and certainly not efficiently.
Jason Edwards
First Flip Insights: 1272 Lakins Rd, Etna
20 January 2025 | 1 reply
While I did not work with other agents or lenders for this particular deal, my professional experience ensured a smooth transaction and effective project management.