Stuart Udis
Structuring your entities for anonymity is NOT asset protection
21 November 2024 | 39 replies
Some of the simpler asset protection solutions would include the following: having max funds allowed in qualified retirement plan or IRA rather than personal as retirement plans are exempt assets in Federal and most state bankruptcies; investing through an annuity if your state (Florida and Texas for example) exempts insurance policies and defines annuities as an insurance policy; taking advantage of maximum homestead exemption in your state; use of corporations or more popular LLC or Series LLC to limit liability to the entity holding the asset; reasonable liability insurance if available; separating asset ownership from asset management; etc.I can design a simple, cost effective asset protection strategy of up to about $5million with little cost IF the individual resides in Texas or Florida.
Jamie Banks
Baselane - Banking Solution for Landlords
25 November 2024 | 36 replies
Read this article from the FDIC to understand the risks of using a non-bank company.
Jon Ful
Cost Segregation (San Diego, CA)
17 November 2024 | 9 replies
Here's an article with things to consider when selecting a cost segregation company.
Ray Hernandez
Becoming A Short Term Lender?
20 November 2024 | 37 replies
Originally posted by @Ray Hernandez:@Chris Mason Good article and a very good position to be in.
Dongzi Wu
Outstanding Real Estate Solutions Scam (ORES)
28 November 2024 | 184 replies
Hi guys, this new article came out.....Bankrupt ‘Queen of Mobile Homes’ blames fall for memory problems during creditors meeeting
Jordan Ryan
Best DSCR loans out there?
22 November 2024 | 28 replies
Thanks Sharing here an article I published on BiggerPockets last year all about DSCR Loan options especially around the BRRRR Method - maybe can help!
Haley Brown
Intro- MTR in TX
14 November 2024 | 7 replies
It also has become a popular travel destination over the last 5 years or so, so there has been an increase in competition in the STR space as well.
Saad D.
What parts of your processes and tasks are automated?
20 November 2024 | 18 replies
I was experimenting with workspace AI and came across this article that breaks it down quite understandably.
Greg Hoffmann
Advice Regarding All in One Loan?
14 November 2024 | 5 replies
My goals would be to increase monthly cash flow and have more access to the property's equity for things like Cap Ex, etc....Here's a blurb from a lender's website:"By combining banking functionality with home financing into one dynamic instrument, borrowers are able to save tens of thousands of dollars and years off their loan""Designed after popular programs around the world, the All In One First Lien HELOC is the nation’s first transactional offset type-mortgage program.Home financing and banking combined:Deposits lower your loan’s principalFunds remain available for expensesInterest is calculated on the average daily balanceThis lowers the monthly interest paymentsTens of thousands of dollars can be saved over the life of the loanMortgage freedom can be achieved in half the time or less
Gisell Garcia
Ways to collect rent
14 November 2024 | 25 replies
Peer-to-Peer: Popular apps that allow anybody to pay each other.