Chirag Mehta
Newbie- Land purchase and development of Retail Shells
6 December 2024 | 12 replies
I am currently in the corporate world-tech sales and wanting to accelerate this business but taking a different and more complex route.
Chas Lumley
Umbrella Insurance policy.
9 December 2024 | 5 replies
In my experience, you are thinking through this correctly.I've heard lawyers say, if the loan is in your name (which it has to be for conventional) and the deed is in the LLC, you aren't treating the business as an independent entity and in a severe lawsuit, the corporate veil is pierced and the LLC can be thrown out.I agree that one of the best defenses is to run your properties well.
Douglas Schwart
Seller Carryback Financing-Singh Corporation
5 December 2024 | 7 replies
Currently in negotiations with Singh Development Company to purchase my rental home (as in condition-renters moved out) located in Columbus, Ohio with Seller Carryback Financing.
SEEKING feedback from other Sellers ...
Toby Fellows
Do I have to register with a broker if I want to get my real estate license?
12 December 2024 | 11 replies
@Toby FellowsYou are correct, you need to ‘hang’ your license under a broker in order to practice real estate, and most brokerages require you to become a member of the National Association of Realtors as well.While you are preparing and taking your courses, contact several brokers and interview them to find out who might be a good fit.
Leon G.
Getting out of the rental business after 10 years
10 January 2025 | 67 replies
You will be dealing with high school kids who are your employees...I know, there will be a manager, but a manager can only go so far...Plus corporate can come and make you change this or that, you will be obligated to comply.Seems like a headache to me even more than with rentalsSo Ive decided when I retire, I want to enjoy my life, not to deal with a headache from a restaurant
Xavien Rafael
The Benefits of Using an LLC vs. S-Corp for Real Estate
11 December 2024 | 0 replies
Without solid credit, even the best structure can be challenging to leverage.Curious to hear how others in this community are structuring their businesses—are you sticking with an LLC, making the jump to an S-Corp, or considering something else entirely?
Veronica Taylor
NYC......Eric Lee —fake listings?
14 December 2024 | 11 replies
HelloHas anyone had experience with an Eric Lee from Sowae corporation?
Richard Gann
3 Factors to Consider in Exchanging Your Oregon Rental Property
16 December 2024 | 1 reply
Indeed, the FAIR ordinance is anything but fair to non-corporate landlords, seemingly punished for investing in rental houses to generate income as an alternative to stocks and bonds.A handful of opportunists likely could learn to exploit these new rules, preying on otherwise law-abiding landlords to obtain legalized shake-down payments.
Dina Schmid
Is a Loft a Bedroom?
18 December 2024 | 13 replies
Here are the rules overall in the nation but each municipality has it's own regs. 1 - Minimum sqft of 70 feet or 80 feet. 2 - Minimum horizontal footage of 7ft.
Bao Vu
Question regarding Tax on a Flip
12 December 2024 | 10 replies
This may include self-employment taxes as @Kevin Gonzalez mentioned, but this can depend on if you have S-Corp or not.