Roberto Westerband
First Lien HELOC Strategy
8 September 2024 | 168 replies
Which method(s) have you found beneficial or that you are keen on?
Ashley Dewees
Hopeful Investor in the Cincinnati/NKY area
2 September 2024 | 7 replies
Equitable Title: While the seller retains legal title, the buyer acquires equitable title, meaning they have a beneficial interest in the property.Benefits and Risks of Land Contracts:Benefits for Buyers: Lower Down Payment: Land contracts often require a smaller down payment compared to traditional mortgages.
Austin Williams
Building Credit with LLC
30 August 2024 | 2 replies
Hello,I wanted to know if I have a below poor credit score would it be beneficial to first try to fix my credit or create an LLC and build my business credit to start investing in real estate and worry about my personal credit score later?
Jessica Javier
Rent to own
30 August 2024 | 1 reply
Locking in Price: You can agree on a purchase price upfront, which can be beneficial in a rising market.
NA Reddy
Would I benefit from an LLC if I invest in RE thru Syndications
31 August 2024 | 12 replies
From an income tax perspective, the LLC provides you with absolutely no benefit.Even from a "anonymity" perspective - if that is a Single Member LLC, the K-1 from those syndicates is still required by the IRS to be issued directly to the beneficial owner - you.If you don't make it a single member LLC, say your spouse is also a member, now you have a partnership tax filing - if it holds a number of LLC interests, it is now a partnership filing that is a pain to file to roll all of those activities in and report it on to your personal returns.In short...most likely it is best to keep it simple.
David N.
When and how is the best way to do a cost segregration analysis?
30 August 2024 | 13 replies
You need to have the rental placed in service by the end of the year.You can get the cost segregation study performed prior to your tax return being filed, therefore, this can wait until the following year.You should have a conversation with your accountant to see if a cost segregation study is worth it.The thing is that you don't want to waste money on a cost segregation study that might not be beneficial to you in your case.Best of luck!
Kranti K.
Defend subpoena to trust.
2 September 2024 | 18 replies
You will find that government ordinances and statutes literally 99.999999 percent of the time define "owner" to include the beneficial owners of a land trust, and that the "owner" is liable for code violations regarding the corpus of the trust if it is real estate.
Paul A.
Liability Insurance During Redemption period
28 August 2024 | 2 replies
talk to better agents.. you can get insurance by just having a beneficial interest in the property ..
Elizabeth Nolan
ROI Questions for Single Fam Flip
30 August 2024 | 8 replies
While quality work is not mutually exclusive to adding more features to a property, I have seen a lit of flippers houses that seem to do just that: add a hot tub, but can't seem to mount a toilet securely to the floor, or leave the 20 yr old furnace.
Andrew Acuna
What is everyone's obsession with hiring PMs!?!
4 September 2024 | 84 replies
It seems that doing it all yourself to learn the process would be beneficial with the first few units.