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15 October 2024 | 26 replies
Most courts have found for the creditor in obtaining full ownership of the debtors interest in LLCs, Corporations, and Limited Partnerships.
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12 October 2024 | 7 replies
But I can still use an FHA loan and then transfer the property for $1 to obtain maximum protections of an LLC with maximum leverage.They are told this can trigger due on sale clause and will still will be paying transfer taxes based on the properties assessed value + deed prep, recording and misc. title expenses.
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11 October 2024 | 41 replies
Location in definitely key....any where a hospital makes a huge difference.
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11 October 2024 | 3 replies
I just attended the Bigger Pockets Conference and I discovered there were many books you can obtain through the Bigger Pockets website that might help you in your journey.
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11 October 2024 | 8 replies
This was a great way to begin my journey, as my initial motivation for obtaining my real estate license was to purchase my own home, which I successfully did this year.Now, I’m embarking on a new adventure as a real estate investor.
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11 October 2024 | 3 replies
Thank you for the replies.With the LLC, I've obtained an EIN and plan to get a separate business account for it in order not to comingle funds to avoid "piercing the corporate veil."
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11 October 2024 | 7 replies
If you want to enter into a partnership where you bring the equity, focus on finding a partner who has demonstrated the ability to add value not as easily obtained through fee oriented services.
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11 October 2024 | 7 replies
Outcome: Obtain the Parcel Number (Parcel ID) for the property.4.
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10 October 2024 | 17 replies
Just obtained my first LTR and did a mild flip to improve some cosmetics.
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11 October 2024 | 10 replies
The reason you have to obtain this special type of financing is because the tax code provisions (IRC 4975) do not allow you to personally guarantee debt that your IRA or Solo 401k takes on. 2) It was referenced above UBIT, which is a special tax on the portion of the after expenses and depreciation, that is attributed to the debt financed percentage of the property.