Robert Frazier
Your LLC could cost you $500 per day if you don't comply with new FINCEN reg by Jan 1
1 January 2025 | 4 replies
If you own 25% or more of any LLC you are required to register with a FINCEN ID for beneficial ownership by January 1st or you could be subject to $500 per day fines.Have you taken care of business?
Kyle Carter
Forclosed housing informational - personal experiences
15 January 2025 | 5 replies
House gets foreclosed on when a borrower is not paying its debt obligations - typically its mortgage.buying foreclosures is not for the faint of heart as you have no idea of the interior of these properties lastly while it can be beneficial also realize if there are a lot in an area those homes are the new comps when trying to sell so it lowers home values in an area
Julio Gonzalez
Is my property a good candidate for cost segregation?
14 January 2025 | 0 replies
Although the study may increase the gain, the gain may be taxed at a much lower rate making it a beneficial investment.If a property is purchased with the intention to flip or own for a short period of time (less than 3 years), a cost segregation study may not be significant.Overall, as long as you intend to hold the investment property for greater than a year, the benefits of a cost segregation study should be considered.
John Underwood
Corporate transparency act blocked nationwide
26 December 2024 | 21 replies
They made it sound like it was something easy to comply with, but if anyone who is a beneficial owner has their ID expire or they move, you have 30 days to re-submit the paperwork.
Henry Clark
LA Fires Taxes and Insurance
14 January 2025 | 1 reply
Folks this is meant as a beneficial post and not about good or bad positions.
Lilia Matlov
Risks and Opportunities Coexist
11 January 2025 | 4 replies
This area has a unique mix of affordability, beauty, and rental potential that makes it a standout choice for real estate investment.
Daryl Allen
What exactly comes after coming to agreement with seller
14 January 2025 | 2 replies
An attorney that practices real estate is a good choice, an attorney that invests in real estate is a better choice.
Cesar Avila
Advice on Renovate and Buy vs. Upgrade and Sell
4 January 2025 | 1 reply
.• Use some equity from the sale to make this transition smoother.I’m torn between maintaining our current home as an asset and buying a new smaller house to use as a rental after we move back in versus simplifying and focusing on a single upgraded property Considering factors like market trends, potential equity growth, and quality of life, which path do you think would be most beneficial?
Julio Gonzalez
Cost Segregation FAQ
31 December 2024 | 3 replies
Although the study may increase the gain, the gain may be taxed at a much lower rate making it a beneficial investment.If a property is purchased with the intention to flip or own for a short period of time (less than 3 years), a cost segregation study may not be significant.SHOULD I GET A COST SEGREGATION STUDY BEFORE OR AFTER REHABBING MY PROPERTY?
Isaac Watson
Top Tips For Purchasing Small Multi-Family Through Creative Financing
12 January 2025 | 3 replies
And which of those is most beneficial given my situation?"