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2 September 2024 | 34 replies
Per the below links, these two decisions show what lengths people will go to distort the facts in their ongoing attempts to defame and hurt people/businesses economically like Real Estate Sales, LLC.This is the New Mexico Better Business Bureau Response:https://www.realestatesalesllc.com/wp-content/uploads/2018/06/Better-Business-Bureau-Response-Tyreke-Gardner-and-N’shaina-Boyd.pdf This is the Nevada Better Business Response:https://www.realestatesalesllc.com/wp-content/uploads/2018/06/Better-Business-Bureau-Response-Tyreke-Gardner-and-N’shaina-Boyd.docxNeil J.
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29 August 2024 | 23 replies
I am interested from hearing from everyone that has a single-member LLC (SMLLC) that is a disregarded entity is generally reported on the owner’s Form 1040, Airbnb, flipping, wholesaling, to complex 1065 filers under subchapter K. 2.Accounting Costs: How much are you paying for ongoing accounting services?
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30 August 2024 | 15 replies
It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.
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27 August 2024 | 10 replies
They won't tell you and when it comes time for a turn you have laundry list of small on going issues that could have been addressed much sooner.
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1 September 2024 | 79 replies
I'm an experienced enough investor that I'm looking to leverage my existing capital to ratchet up my ongoing flips - similar to what @Jay Hinrichs mentioned about closing every 90-120 days.
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26 August 2024 | 2 replies
Zane,First off if you plan on going SE Self-employed and starting your own company you are going to need to wait (2) years to get a conventional loan.
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26 August 2024 | 0 replies
This project could play a key role in addressing Montreal’s ongoing housing challenges.US: Convenience Stores Evolve Amidst InflationIn the US, convenience stores are expanding their offerings to include more prepared foods like nitro cold brew coffee and chicken curry rice balls.
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26 August 2024 | 9 replies
Again, perhaps my naivete, but it seems to me that commissions are largely about "finding" a tenant, hence it making sense to get ongoing commissions as long as that tenant lasts.
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26 August 2024 | 8 replies
Let's break down the pros and cons of each approach:Forming an LLC in the State Where the Property is Located:Pros:Compliance with Local Laws: Establishing an LLC in the state where the property is situated ensures compliance with local regulations and laws specific to that jurisdiction.Legal Clarity: It provides clear legal jurisdiction and may simplify any legal proceedings related to the property in that state.Perception: Operating with a local LLC may give tenants and local authorities confidence in your commitment to the community.Cons:Additional Costs: Setting up and maintaining an LLC in another state means incurring additional registration fees, taxes, and possibly hiring local legal counsel.Administrative Burden: Managing multiple LLCs across different states adds complexity to your administrative workload, including extra paperwork and compliance requirements.Tax Implications: You may face tax obligations in both the state where the property is located and your home state, potentially leading to double taxation or complexities in tax filings.Managing Through Home State LLC:Pros:Simplified Management: Handling all properties under a single LLC streamlines administrative tasks, reducing paperwork and simplifying tax filings.Cost Savings: Avoiding the need to establish multiple LLCs in different states saves on registration fees, legal expenses, and ongoing maintenance costs.Consistency: Uniformity in management practices and legal structures may contribute to efficiency and ease of operation across your real estate portfolio.Cons:Legal Exposure: Operating out-of-state properties under a home state LLC may expose your personal assets to the laws and liabilities of the other state, potentially diminishing the liability protection the LLC offers.Compliance Challenges: You'll need to ensure your home state LLC meets the legal requirements for conducting business in other states, which could involve additional filings and fees.Perception and Credibility: Some tenants or local stakeholders may prefer dealing with a landlord who has a local presence, which could impact your reputation or relationships in the community.Ultimately, the decision depends on your specific circumstances, risk tolerance, and long-term goals.
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28 August 2024 | 74 replies
Next question, Is anyone here planning on going to the Kentucky Bourbon Festival in Bardstown Ky this September.