24 March 2024 | 11 replies
California does not recognize series LLCs.You also want to look at whether a pass-through entity helps your bottom line and your taxes.
24 March 2024 | 25 replies
American homeowners could see a significant drop in the cost of selling their homes after a real estate trade group agreed to a landmark deal that will eliminate a bedrock of the industry, the 6 percent sales commission.The National Association of Realtors, a powerful organization that has set the guidelines for home sales for decades, has agreed to settle a series of lawsuits by paying $418 million in damages and by eliminating its rules on commissions.
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22 March 2024 | 5 replies
It's should say: "Median sales of houses sold in the US in 2023 is 13% less expensive than in 2022".https://fred.stlouisfed.org/series/MSPUS
22 March 2024 | 28 replies
3/15/24Home sellers would no longer be forced to pay up to 6 percent commission to agents under a settlement that experts say will drive down prices.American homeowners could see a significant drop in the cost of selling their homes after a real estate trade group agreed to a landmark deal that will eliminate a bedrock of the industry, the 6 percent sales commission.The National Association of Realtors, a powerful organization that has set the guidelines for home sales for decades, has agreed to settle a series of lawsuits by paying $418 million in damages and by eliminating its rules on commissions.
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21 March 2024 | 16 replies
One property is a condo (in CA) that I rent out, and the other property is a house (in NV) that I live in and rent out the other rooms.I quit my W2 job last year to start a business, which is slightly profitable today, but I reinvest everything back into the business.I have a bunch of cash saved up and am comfortable deploying $100K into another property in Las Vegas ($80K down payment + $10K furnishing + $10K margin).The only problem is that I’m not sure how to finance my next house without W2 income.I talked to a few lenders about DSCR loans, and most say they calculate rental income based on the entire house, instead of by the room.I would love to get the creative knowledge of the BP community on how to fund my next home 🙏🏼I'm also open to any lender referrals 😊 Yes - you should check out DSCR Loans, please see a full 10-part series list of resources below that should help!
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20 March 2024 | 7 replies
My husband is also a builder, and he is building a series of spec homes that have more bedrooms and would rent for more (fixing the cash-flow problem).
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20 March 2024 | 193 replies
However, this can be accomplished through a Series LLC.
25 March 2024 | 214 replies
American homeowners could see a significant drop in the cost of selling their homes after a real estate trade group agreed to a landmark deal that will eliminate a bedrock of the industry, the 6 percent sales commission.The National Association of Realtors, a powerful organization that has set the guidelines for home sales for decades, has agreed to settle a series of lawsuits by paying $418 million in damages and by eliminating its rules on commissions.
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20 March 2024 | 26 replies
I've set up a collaboration channel for participants and am beta testing a weekly drop-in conference call series.
19 March 2024 | 1 reply
I am writing to seek professional advice and guidance regarding a matter concerning my recent apartment purchase.In August 2023, I completed the purchase of an apartment, which has since become entangled in a series of complex issues.