Amit Raghavan
STR - Palm Springs vs Indio (and some specific questions)
20 August 2024 | 15 replies
We liked the TL home and nice lakefront view but here are some cons: pretty far/isolated, no real dining options outside and besides the music festivals/BNP tournament, didn't know if it would do well as a STR.
Renee Williams
Pace Morby’s Gator Lending - yay or nay?
19 August 2024 | 42 replies
The Gator Method offers a variety of lending strategies, and it's not just about one isolated technique.Now, to shift away from uninformed allegations: I joined the group to further my education after passing my 3 state of FL general contractor exams.
Nicholas Ludwiczak
Making an offer on a self storage business
10 August 2024 | 10 replies
Then isolate on the storage.This is a good size location to start with.
Nick Sansivero
Will transferring ownership into an LLC cause issues if I try to complete a 1031?
6 August 2024 | 14 replies
Second, in terms of asset protection, LLCs are not invincible, but I think what many don’t understand is that they are not designed to completely shield your assets from liabilities, on the contrary they are designed to contain and isolate liabilities.
John S.
Is this the proper way to run a portfolio with multiple LLC's?
4 August 2024 | 5 replies
If a legal issue arises with Property 1, only that property’s assets would be at risk, protecting the equity in Property 2 and any other properties you may own.Asset Isolation: Isolating each property in its own LLC helps protect your assets from creditors or lawsuits targeting a specific property, thereby providing a more robust legal shield.Financial Management and Bookkeeping:Regarding your concern about financial management and the practicality of handling multiple LLCs:Centralized Banking: Using a holding company’s business account and credit card can simplify your bookkeeping.
Louis Fuqua
Water Submetering in Pittsburgh, PA
2 August 2024 | 2 replies
Hello Jedd - thanks for the response.The 3 units are currently all supplied by the same line but a plumber is looking into what can be done to isolate each individual unit from that main line.
James Landsford
Liability with multiple rentals and using multiple LLCS - does it make sense (LEGAL)
1 August 2024 | 1 reply
Having every property isolated is a good strategy.
Frank Patalano
So what's holding you back?
19 August 2024 | 3705 replies
(Places with rarely any target/walmart/isolated/etc.)It isn’t true tho, everyone needs a place to live, a-lot of the “crime check” websites are not that accurate either, the best thing to do is to ask a local that lived there for awhile.To get out of that fear I would recommend checking crime rate in your area, you will be surprised to know how inaccurate it is.It happend to me and It came up that Weho is as dangerous as east LA and I was like “wtf?”
Takahito Torimoto
Questions on Section 121 Exclusion for Primary Residence and Capital Gains Tax
31 July 2024 | 5 replies
And what are the requirements for those funds during that transition (i.e. do the funds have to be in a separate, isolated account - or escrow - similar to 1031 Exchange) when/if there is a time between the Sale of the first and Purchase of the replacement?
Alec Jacobs
Should I have utilities in my name or my tenants name?
31 July 2024 | 15 replies
In my area garbage and sewer are the most common municipal utilities but I have seen others in isolated cases.