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Fundamentals: A Philosophy for Success in Life and Real Estate
24 May 2023 | 0 replies
Long-Term Planning: Break down the 10-year goals into smaller milestones or benchmarks to facilitate progress tracking and provide a sense of achievement along the way.c.
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Is BP just for guys?
13 October 2018 | 56 replies
Even if the partner is less involved in the daily real estate minutiae, whatever they are doing is facilitating the real estate investing.
Brandon Turner
Is it unethical to say "I Buy Houses" if You are a wholesaler?
16 September 2015 | 126 replies
Yet they frequently phrase it as "I sell more houses than anyone else in the area" or "I sold an average of $1M in properties per week" , or "I can sell your house" etc ... yet they did not sell anything, they facilitated the sale(s).
Ray Gonzales
birddoging
1 December 2013 | 11 replies
Ray, paying only on the basis of performance, the closing of a deal, you'll be paying an unlicensed person to facilitate a transaction by locating the property for you.
Ru Monsell
Buying subject to
29 November 2013 | 11 replies
Michael, you sound like me talking, don't get on the wagon until you have the horses hitched up.Now, if there is some unusual situation where a property is to be acquired and sold within 90 days, knowing there is no problem with a sale you might use a Sub-2 arrangement to facilitate the deal.The seller needs to understand these deals, giving the seller some disclosure saying they are going to be responsible for the loan and they will die, isn't really having them understand all the risks involved.As Michael said, don't get involved unless you can take out the underlying debt
Chris Schoonhoven
Self Directed IRA Companies & Roth tax implications
25 October 2016 | 27 replies
These institutions are regulated in the same fashion as a mainstream brokerage or bank that holds IRA accounts, but have a different business model that allows for transacting in non-traditional assets such as real estate.Advisors/Facilitators are providing the legal and advisory services that a custodian will not.
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Taxing a flip as a rental by leasing the unit prior to sell?
23 September 2018 | 22 replies
., and, you argue that this qualifies for capital gains tax treatment.I would argue that your intent to sell (flip) never changed, and, that the lease purchase option was just a marketing vehicle to facilitate the sale which allowed your buyer time to get financing in place.
Drew Cameron
Heloc to pay off mortgage faster
30 March 2023 | 685 replies
Long story short, I used the strategy to save significant amounts of interest and put that immediately to use to get into buy and hold investing, which nets me more cash flow to facilitate the strategy.
Dustin Paschal
How to ideally structure real estate holdings and management companies (tax focus)
13 March 2023 | 5 replies
Level 1: An LLC formed in the state of the property for each investment.Level 2A: An Ownership Wyoming LLC holding company for all the equity of the multiple LLCs at Level 1Level 2B: A Management entity to facilitate legal/tax/bookkeeping/day-to-day ops/etc. for each Level 1 entity (goal to leverage economies of scale against overhead cost of local third-party contractors, vendors, software subscriptions, etc.)Level 3: MyselfI feel with the layers described and proper legal & accounting I's dotted and T's crossed, there is a sufficiently thick corporate veil and there will be appropriate insurance for each entity to further protect from loss.
Robin Grimes
Tenant Applicants say the dumbest things
3 May 2023 | 1572 replies
Large quantity of mattresses facilitates the activity that leads to large quantity of children :)