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15 July 2024 | 65 replies
I agree but first time owning a 4 unit building, my attorney suggested giving them 2 months free rent to avoid any exposure but they're definitely trying to shake me down.
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10 July 2024 | 112 replies
You'll get like a net yield of 8-9%, less risk, and exposure to some growth in the equities.
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7 July 2024 | 30 replies
You have a great situation that has allowed you to operate with no financial exposure.
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6 July 2024 | 18 replies
@Sean Pedeflous we mostly agree with @Greg Scott, the reasons properties don't rent:1) Lack of proper marketing exposure--- How many places can you advertise the property?
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5 July 2024 | 19 replies
You need to make sure the policy/coverage you get is designed for this use and not a standard homeownes policy.The Lawyer and the town can give you an idea of the Modifications you may be required to make due to:- ADA compliance- Fire Code Compliance- other Laws/Ordiances that may be triggered when you move away from a Residential to a Commercial exposure
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3 July 2024 | 3 replies
I have to collate a few programs together to get max data exposure / quality.
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1 July 2024 | 2 replies
Agreed with Account Closed - putting real estate, or a real estate partnership - within an S-Corporation provides effectively no value, while creating significant headaches and tax consequences.The only real benefit left for an S-Corp is partial shielding of employment taxes - but a rental property already doesn't produce any self-employment taxes, so the one benefit already doesn't apply to the rental.Then you have problems with not getting basis in the debt of the property, having a lack of flexibility on future structure, issues with distributions in excess of basis...just nothing about it is good.If the Partnership hires a property manager, and that property manager ends up being your S-Corp - great, now you are perhaps better managing your exposure to self-employment income as a result of these property management fees.
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1 July 2024 | 5 replies
From an exposure to liability, in the sense of how much a party can be responsible for action/inaction can come down to the participation for that business.
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1 July 2024 | 4 replies
I completely understand the argument for exposure through the MLS.
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1 July 2024 | 8 replies
I'm deploying some in stocks, some oil, some crypto.. and want exposure to RE.