Shawn Blake
Airbnb Arbitrage in California
18 February 2024 | 15 replies
Most incorporated cities have their own rules.
Jonathan Glancy
Weighing different investment strategies in Cleveland, Ohio...starting with 300k
15 February 2024 | 8 replies
One element you must incorporate into your search is income predictability.
Nadia Brown
Evaluating My First Potential Property Deal in Jacksonville – Insights Needed
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.
Anthony Bratina
Setting up an LLC
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....
Julio Gonzalez
The Digital Transformation of Cost Segregation
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.
Joe Trampel
Seeking Advice on Structuring Real Estate Investments for Growth and Tax Efficiency
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.
Caroline Gerardo
Many Times I Said Don't Waste Your Money on LLC Vesting. Now this:
11 February 2024 | 30 replies
Caroline GerardoNMLS 324982opinions are my ownOnce you incorporate only an attorney can represent you in court, you can't represent yourself, even for a single member LLC.
Gina Wilson
Newbie from Massachusetts!
10 February 2024 | 16 replies
We are typical W2 workers in corporate America (at least for now).
Pandu Chimata
Heloc for Investment Property
9 February 2024 | 24 replies
“Business equity line of credit: Use Real Estate as Equity” up to $500k, interest only. gather your business and personal tax returns, financial statements, articles of incorporation and other legal documents.”Vectra Bank - ColoVeritex, TX HELOCWebster Bank, CTWAFD Bank.
Adam M.
GP Advice? Maintaining Communication With Passive Partners (When NOT in a deal)
9 February 2024 | 10 replies
This is very high-touch and personal, but also not scalable in a meaningful way, and often times, unless you have something pertinent to discuss with each investor, some may view this as a waste of time (think in corporate speak: "this meeting could have been an email")Newsletters are very scalable, and with scale the personal touches are lost, since you are presumably sending this to thousands of people.