Chris Yeung
Investing in Norada Funding's notes
19 December 2024 | 55 replies
Unfortunately it’s an SEC requirement to be accredited for an investment filed under Rule 506(c) — which this investment is.
Dan N.
Can a Wyoming LLC own an investment property in ANY state?
9 January 2025 | 18 replies
If you file an eviction then it must be filed locally, if your LLC is sued they will sue locally.
Alba Cheung
tenant has not paid for 4 months and this's what happening now.....
15 January 2025 | 15 replies
She did not, so I filed the writ.
Jesse Rodriguez
Miami Short Term Rental
7 January 2025 | 0 replies
Seller is the Agent.Seller bought property in January of 2023 for $730,000Current “As Is” Value : $770,000Target Acquisition Price: $730,000-$780,000 After Repaired Value: $900,000Repair Estimate: $120,000Initial Offer Amount: $715,000Loan Program: Bank Statement Program.Total Estimated Monthly Payments (Principal, Interest, Taxes, and Insurance) $5500/month (based on $770k purchase price)Estimated Gross Yearly Income from Short Term Rental: $160,000 (65% Occupancy, $700 a night| (STR Listing Comparable properties Listing 1 Listing 2 Listing 3)Net Monthly Income after management and taxes: $11,751.25Net Monthly Income after Mortgage Payments: $6251.25 ($75,015) Per YearTotal Cash Investment: $297,000 ($177,000 in down payment and closing costs and $120,000 in repairs)Average Yearly Return on Investment: 25% yearlyAverage increase in property value per year: 5%Average increase in booking revenue per year 7.5%Property Value average after 10 years: $1.5 millionTotal Cash received over 10 years: $1.3 million.Total Equity multiple min over 10 years: 6x total return on $297,000 invested.
Clinton Davis
What's the latest on this BOI?? Go or no go?
3 January 2025 | 13 replies
I have an LLC do I need to file this form to the IRS?
Kin Lay
How to transfer my share of the house to my brother?
14 January 2025 | 5 replies
If you gift your share, it may trigger gift tax filing if the value exceeds the annual exclusion ($18,000 for 2024 and $19,000 for 2025), though no immediate tax is due if under your lifetime exemption.
Jaron Jackson
How to get rent payment from previous owner?
10 January 2025 | 8 replies
It is also the seller's fault for accepting it, they full well knew this was not right.If you were to file for eviction for non-payment of rent, you'd probably win.
Jackie Liu
Unresponsive Property Manager
11 January 2025 | 15 replies
If it is, explain your situation and ask to file a complaint.
Bryan Christopher
Post sale - Buyer making legal threats about an appliance
11 January 2025 | 6 replies
They've been very underhanded and petty though, I do expect a court filing if we simply ignore.
Julio Gonzalez
Cost Segregation FAQ
31 December 2024 | 3 replies
Additionally, the study should contain 13 principal elements.WHAT ARE THE ELEMENTS INCLUDED IN A COST SEGREGATION STUDY REPORT?