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19 February 2024 | 15 replies
I don't see a need to incorporate in more than one state.
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19 February 2024 | 28 replies
I would so appreciate insights from others who have experience with a rent-to-own model at scale or who have started a non-profit with incorporating real estate.
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18 February 2024 | 15 replies
Most incorporated cities have their own rules.
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15 February 2024 | 8 replies
One element you must incorporate into your search is income predictability.
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15 February 2024 | 9 replies
You can start with the city website www.coj.net for the building department or property appraiser or the tax collectors office www.taxcollector.coj.net As for the structure of your deal just read the forums about llc v Incorporated and all the good information that can be found in there.One other thing I did with my units that many may not agree with is that I get a general liability coverage for each llc related to that llc and I would get an umbrella policy for you as well.
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13 February 2024 | 5 replies
Just because you bought a building, invested in a business, or laid some fiber cable does not mean you hit the finish line.
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14 February 2024 | 3 replies
Here are a few below:Generally, buying through your personal name can reduce the interest rate - commercial rates on LLC mortgages are usually higher but you can research thisMost LLCs on incorporation don’t have any credit so it may be difficult to find. a lenderIf you own the property in your personal name you are exposing yourself to more risk and will want to transfer the property into LLC as soon as you canIf you own property in your personal name and transfer to LLC the lender may not allow or can call the entire loanLLC or personal ownership you need insurance.If you search the forums for this topic using the magnifying glass feature in top right corner of your screen on BiggerPockets you will find a lot of discussion on "Quit Claim" "Buying through LLC", "LLC or not" etc....
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13 February 2024 | 0 replies
Incorporating technology into the process increases efficiency and precision and allows for deeper insight.Prior to implementing the new technology, a cost segregation study would require professionals to spend much time going over the architectural blueprints and conducting extremely thorough site visits in order to be able to classify the assets into the correct category.
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12 February 2024 | 25 replies
I am a man of substance, of flesh and bone, fiber and liquids -- and I might even be said to possess a mind.
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11 February 2024 | 2 replies
With Prop 1 nearly mortgage-free and roughly equivalent in value to Prop 3, I'm pondering the best way to structure these assets and the new development for optimal tax impact, equity maximization, and risk mitigation.Considering a New StructureOne idea is to create a trust or family limited partnership (LP), incorporating an LLC to hold these properties.