Lorenzo L.
Starting a Syndication at 21 (NEED ADVICE)
4 December 2024 | 32 replies
It seems these inevitably run into problems as the investment projections are not met, loses begin to pile up, SEC compliance issues are ignored, and numerous legal actions are instituted against the sponsor.
Lisa Fondant
Jerry Norton programs ($10k finder fee - Powerflipper)
10 December 2024 | 104 replies
., whatever) it pops up another offer right on your face (meaning, they keep trying you to whatever cross selling, it is really a simple sales tactic, a psychological trigger to urge you to a decision to buy something). 3) Close the damned pop up, scroll down to the bottom of the page, and check anything on the footer that says "Privacy Notice - Terms of Use - Disclaimer" (It will be active and linked to another page, if it is underscored on hover of your mouse) - I went for the sweet "Terms of Use" - this is either a bought or internet stolen general legal terms twisted a little to fit their business verbiage façade (but you will see many errors of any kind), and here is the thing: legitimate businesses are really verifiable, and provide legitimate links!
Eugene Lubman
Selling to a family member (or transferring to a trust?)
19 November 2024 | 5 replies
Alternatively, transferring the property to a revocable trust provides income for your parents, avoids probate, and keeps you as a beneficiary, but it doesn’t allow for a 1031 exchange and could trigger gift tax.Focus on aligning the structure with your goals, whether for immediate reinvestment or estate planning, and ensure compliance with Connecticut laws.This post does not create a CPA-Client relationship.
Jesse Imes
ROBS 401K Lending
21 November 2024 | 1 reply
All these providers balance speed with compliance, so it’s worth consulting with them to compare timelines, costs, and support for your specific needs.
Yori Dean
Is Wholesailing Still A Thing
24 November 2024 | 7 replies
Be sure to fully disclose your role in the transaction, and consulting a local real estate attorney is highly recommended to avoid any compliance issues.
Andrew McManamon
Investing in Bitcoins
9 December 2024 | 98 replies
The government could shut it down tomorrow if they choose.I highly doubt there’s 100% compliance of every US tax return filer who has a bitcoin account somewhere in the world also filing their FBAR with finCen.
Sarah Moore
Crazy Idea to get started. What do you think?
24 November 2024 | 19 replies
This can lead to more opportunities and partnerships.Market Understanding: As a property manager, you'll gain a deeper understanding of the local market, which can be invaluable when you start acquiring your own properties.Steady Income Stream: Property management can provide a consistent income, which can be particularly beneficial in the early stages of your real estate venture.Skill Development: You'll develop a range of skills from customer service to maintenance oversight, which are crucial for successful property ownership.Brand Recognition: Establishing a presence as a reliable property management company can boost your reputation, making it easier to attract tenants and investors when you start acquiring properties.Cons:Time Commitment: Property management can be time-consuming, especially if you're dealing with multiple properties or demanding clients.Regulatory Compliance: Staying compliant with local laws and regulations requires diligence and can be complex.Conflict Resolution: Dealing with tenant issues and conflicts is an inevitable part of property management and can sometimes be challenging.Financial Risk: There are financial risks involved, including late payments or damage to properties.Market Fluctuations: The property market can be unpredictable, affecting both rental income and property values.Overall, starting with a property management company can be a smart way to enter the real estate space, especially in an area with a clear need for such services.
Angela Orecchio
Note Newbie workshop -note investing
21 November 2024 | 11 replies
I have been looking at it, but have not pulled the trigger on the course.
Jerry Shen
Buying RE with Bitcoin
9 December 2024 | 166 replies
Prepayment penalties are a thing of the past, so dump your bitcoin into paying down the balance (and, possibly, dropping the PMI) after the fact - no one sources where you make your normal monthly mortgage payments from.It's going to be in limbo and a giant "it depends" until such time as someone opens a Bitcoin clearing house that does all the little compliance and PATRIOT Act things that Wells Fargo and Fidelity do, or (more likely) until such time as Fidelity or Wells Fargo adds Bitcoin to their financial service offerings.
Jessica Howell
Funding LLC's, deposits and draws
19 November 2024 | 12 replies
Always keep personal and business accounts separate, document all transactions, and consult a CPA or attorney to ensure compliance and maintain liability protection.This post does not create a CPA-Client relationship.