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4 December 2024 | 4 replies
You can - 1) establish a trust for asset protection, 2) utilize the Homestead Exemption for property protection, 3) consider tenancy by the entirety for marital property (this might just be applicable to California, my home state)4) make sure you have adequate liability insurance for additional protection, 5) think about forming a business entity to shield assets, 6) and have proper estate planning for asset distribution.Seek tax and legal advice from experts in your state.
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4 December 2024 | 8 replies
The ONLY warranty I’ve ever found to be worth anything are the $5/mo warranties through utility companies.
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5 December 2024 | 34 replies
Ensure utilities are back in your name.
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10 December 2024 | 25 replies
Even though rental properties can be somewhat passive, there are still things to keep an eye on, like collecting rent, making sure utilities get paid, ensuring property management is doing their thing, etc.
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11 December 2024 | 8 replies
I'm going to utilize this intel.
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11 December 2024 | 34 replies
Additionally, if you onboard a new units during the 1 year mentorship you can utilize the team to help you be profitable from jump street.
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5 December 2024 | 48 replies
Obviously, I’d have to account for utilities and furnishings- I want those that have experience in this area and then maybe I could converse more on such items to look to before signing a contract.
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3 December 2024 | 7 replies
I'd love to utilize their expertise when assessing a property since they are local but I'm not sure what the general expectation is when I don't have a tangible property and I have not entered into contract to work with them yet.Some questions I have are: local regulations/permitting timeline, property's potential from their perspective, landscaping/amenities cost estimate (they also help facilitate this).
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9 December 2024 | 15 replies
Other than outstanding taxes, and utilities, I don't need to worry about anything else.
7 December 2024 | 35 replies
Two months ago we sold the property utilizing a wrap mortgage with a 10% interest rate.