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3 February 2025 | 3 replies
but keep in mind CA has higher taxes and reg fees and I’m not doing more than 1-2 flips (short timeframe flips) a year and many years do 0 flipsDo most flippers put flips into LLC Or in personal name (sole proprietor) in CA (where you must pay $800 yearly plus accounting and other fees $300to $600+ yearly to maintain LLC) Pros for personal name-save on taxes accounting.
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4 February 2025 | 4 replies
Call 3 references: Verify that they work there, or that it is an actual person by asking where they work first, and don't mention who you are until after.
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17 February 2025 | 12 replies
You can establish a personal LLC and use it to buy a business.
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23 January 2025 | 9 replies
Home insurance would cover anything on premise, but as @Jonathan Bock stated, it's usually for significant damage.This might be something you would tackle on your own, but worth to have a conversation with your provider first to see what they have to say.
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12 February 2025 | 27 replies
In 2008 when the stocks went down, I realized my 401k was invested with a person I had never met.
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12 February 2025 | 43 replies
Meeting the team personally has some value but I have worked with dozens of investors who have never been to Memphis and never meet me face to face.
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10 February 2025 | 3 replies
This is rarely done as in most situations lenders will not consent, and at a minimum want the buyer to qualify AND personally guarantee.
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6 February 2025 | 12 replies
If you set the vision and then define the roles and responsibilities I think you can have an easier time finding the person you are looking for.
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14 February 2025 | 21 replies
However, a common benchmark is aiming for at least 6-8% cash-on-cash return based on your total investment (purchase price + rehab + closing costs).Always factor in appreciation potential, tax benefits, and personal risk tolerance.
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21 February 2025 | 4 replies
I have not personally tried the Wire feature though.I am an Accountant and use it and refer my clients to it as well, connect with me and I will look to see what the costs are to send a wire, they do allow free check and ACH payments if timing is not a factor.I had a client who used Titan, and as an Accountant I did not like it.