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23 January 2025 | 31 replies
What I know is that for doing tangible real estate projects, a Spanish SL is needed as a working entity that holds the asset on its balance.
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14 February 2025 | 11 replies
Since you are in an expensive market, commissions will also be high so you should be able to cover all of your expenses with just 1 deal basically, maybe 2.
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9 February 2025 | 7 replies
Can you send me a couple addresses of projects that someone completed that fit your model?
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12 February 2025 | 4 replies
@Chris Seveney basically treating it as a sale of assets and having to pay capital gains.
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5 February 2025 | 1 reply
I can provide support of checking in on contractors, staging rental properties, walk potential leads to give you an idea of the property in person or what the area is like, meeting with agents, and drafting scope of work for projects.
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12 February 2025 | 7 replies
I'll second notion or another living wiki-type platform if it's just notes you're after, or if you're looking for something more task-oriented, Asana features project pages and other functions that track data and next steps.
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28 January 2025 | 1 reply
I have them tell me how long a project will take to complete, and then I add buffer days or maybe up to 2 weeks, depending on how long / complex of a project it is and potentially accounting for weather if it is outside work.
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9 February 2025 | 2 replies
This is the structure we were looking at which is more of a subsidiary structure and this applies to raw land development: 📌 Structuring Plan1️⃣ Set up a QOF to raise capital from investors.2️⃣ Create a QOZB to handle hotel & parking development (each separate land parcels).3️⃣ QOF owns the land & funds QOZB for development.4️⃣ Raise capital through QOF equity, bank loans, or JV partners.5️⃣ Develop the projects & operate for 10+ years for tax-free gains.
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21 February 2025 | 1 reply
I’ll need to refresh my skills and knowledge (project manager).Has anyone here ever able to assume the loan on the original terms under the Garn St-Germain Act of 1982 in a divorce case?
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21 February 2025 | 0 replies
Benefits of the ATI ExemptionThe ATI exemption offers several key benefits:Reduced Tax Burden: By lowering the assessed value, property owners can significantly reduce their property tax bills, freeing up resources for other investments or operational expenses.Encourages Investment: For real estate investors, the exemption makes South Carolina a more attractive market by reducing the tax impact of property acquisitions.Substantial Tax Savings: The reduction in taxable value can lead to considerable property tax savings over time.Multi-Year Benefit: The exemption can apply for up to five years after the sale (based on SC revaluation cycles).Wide Applicability: It’s available for various types of properties, including multi-family projects, commercial properties, and even vacant land for development.Who is Eligible for the ATI Exemption?