
29 November 2024 | 1 reply
An LLC requires time and money to create and maintain, every year.

6 December 2024 | 51 replies
For example if you wanted to gift $100k to your child to purchase a business, it may be best to make your child manager, with say a 20% interest, while you and or your spouse maintain a 80% interest. 100% of any net income can still be received by your child as manger, or even for just his 20% interest, as profit allocation need not align with ownership percentage in an LLC.

27 November 2024 | 3 replies
Quote from @Ashwani Singh: Has anyone got an excel sheet that is good to maintain your month by month rental property management expenses and income?
30 November 2024 | 4 replies
To thrive in real estate investing, you must maintain a firm grip on your finances.

28 November 2024 | 14 replies
Like Mija noted, they cost real money and time to maintain, and I simply was not deriving enough value from either.I had no intention of GC-ing jobs for clients, which is about all it would have allowed me to do that I can't do already.
27 November 2024 | 7 replies
However, if I earn too much “earned income,” I risk losing these essential benefits.That’s why I’m exploring real estate and the stock market, as these generate “unearned income” and allow me to maintain my benefits while building financial security.

27 November 2024 | 2 replies
We are hoping to avoid doing any sort of partnership and maintain a single member LLC, but searching online hasn't been fruitful.

29 November 2024 | 12 replies
Unless you are getting a bank loan and are willing to accept higher interest rates and balloon payoffs, buying within an LLC is not a clear-cut decision.An LLC can be created very quickly and should costs under $1K, but you need to know there will be costs and time to maintain that LLC every year.

30 December 2024 | 819 replies
I want to answer so it benefits this Thread.first most of what Morris is selling is D class not C class its bottom of the barrel hood rat properties.SEcond that tenant class .. is renting for the cheapest rent in the US ..these folks are a flat tire away from not paying rent.when you rent for 600 .. its common to put them into the unit with only 2X the rent If they even check qualification and from what I am hearing in feedback they don't do that PM is weak at best.so here you are your making 1,200 a month and have 600 rent.. that leaves 150 a week to live on.so do the math .. very difficult for these folks to maintain continuity to their life.. and lets say they get in with 3X rent.. that's 1,800 a month minus taxs say 1,500 car utls food etc.. you can see what tight wire they are at.Take B or A class renter at 3X rent... rents 1,200 3X verifiable is 3600 a month ... leave 2,400 a month to live on .. not 600 or not 900...

26 November 2024 | 4 replies
A few things to keep in mind:Section 8 requires the property to pass an inspection based on HUD’s Housing Quality Standards (basically making sure it’s safe and well-maintained).The rent you charge has to align with Fair Market Rents (FMRs) in your area, so it’s good to check what similar properties are renting for.You’ll still be responsible for maintaining the property, but the upside is that a chunk of the rent is guaranteed by the government, which can provide steady income.Check with the local housing authority about any specifics for your area—every jurisdiction does things a little differently.This could be a great niche if you can find a good deal on the land and make sure your expenses (like maintenance, insurance, and occasional vacancies) are covered by the rental income.