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3 February 2025 | 6 replies
Quote from @Amanda Dobbs: Is there a place to find Private Investors as in one person?
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7 February 2025 | 7 replies
Meaning they went into a standalone bank account (not mixed with your other personal funds).
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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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6 February 2025 | 30 replies
From what I have researched they seem legitimate but the person I am working with is flakey, takes forever to answer questions so I thought I would see if anyone else had experience with this lender.
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7 February 2025 | 23 replies
We can close under a personal name, but most chose the LLC option.
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7 February 2025 | 1 reply
Or can you still run everything through your personal return (just want to make sure that I can deduct things such as HOA fees which I can do if it is a rental).2) If I do decide to run everything thru my personal tax return (save on LLC fees), should I at the least set up a separate bank account to track costs separately?
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7 February 2025 | 14 replies
I have a friend that owns over 60 rentals in his personal name and he's never been sued.
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31 January 2025 | 3 replies
Quote from @Ashish Acharya: @Niklas Zhu If you tear down your STR in 2025 and convert it to personal use, depreciation recapture does not occur at the time of conversion.
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7 February 2025 | 3 replies
Does that fit your personal criteria for a return you'd like to get on your investment?
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5 February 2025 | 6 replies
I think I can open another personal checking account at the bank I already have and it'll be under my name but i'm trying to buy out of state rentals with an LLC I own.